At the beginning of the year (January 1), Wild Horses Drilling has $12,000 of common stock outstanding and retained earnings of $7,100. During the year, Wild Horses reports net income of $7,400 and pays dividends of $2,100. In addition, Wild Horses issues additional common stock for $6,900. Required: Prepare the statement of stockholders' equity at the end of the year (December 31).

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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At the beginning of the year (January 1), Wild Horses Drilling has $12,000 of common stock outstanding and retained earnings of $7,100. During the year, Wild Horses reports net income of $7,400 and pays dividends of $2,100. In addition, Wild Horses issues additional common stock for $6,900.
  

Required:

Prepare the statement of stockholders' equity at the end of the year (December 31).

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