Preparing a statement of stockholders’ equity
at the end of the 2014 annual reporting period, barnard corporation’s balance sheet showed the following:
barnard corporation
balance sheet
at december 31, 2014
stockholders’ equity
contributed capital
common stock (par $15; 5,500 shares)
$ 82,500
paid-in capital
13,000
total contributed capital
95,500
retained earnings
44,000
total stockholders’ equity
$139,500
during 2015, the following selected transactions (summarized) were completed:
a. sold and issued 1,000 shares of common stock at $35 cash per share (at year-end).
b. determined net income, $37,000.
c. declared and paid a cash dividend of $2 per share on the beginning shares outstanding.
required:
prepare a statement of stockholders’ equity for the year ended december 31, 2015. be sure to show both the dollar amount and number of shares of common stock.