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Question
Marble Corporation had the following balances in its stockholders' equity accounts at December 31, 2012:
| Common Stock, $10 par, 50,000 shares authorized, 20,000 shares issued | $200,000 |
| Contributed Capital in Excess of Par Value, Common | 250,000 |
| Retained Earnings | 500,000 |
| Treasury Stock, 1,000 shares | (20,000) |
| Total stockholders equity | $930,000 |
The following transactions occurred during 2013:
| February 3 | Sold and issued 3,000 shares of common stock for $22 per share. |
| May 10 | Declared a $0.50 per share dividend on common stock. |
| October 12 | Sold 500 shares of the treasury stock for $20 per share. |
| December 31 | Net income for the year was determined to be $75,000 |
Based on the above information, prepare a statement of stockholders' equity for 2013. Use the form below.
| MARBLE CORPORATION Statement of Stockholders Equity | |||||
| Common Stock | Contributed Capital in Excess of Par Value, Common | Retained Earnings | Treasury Stock | Total | |
| Balance, December 31, 2012 | $200,000 | $250,000 | $500,000 | $(20,000) | $930,000 |
| Net income | |||||
| Balance, December 31, 2013 | |||||
Answer
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