At the beginning of the year (January 1). Wildfire Drilling has $10,000 of common stock outstanding and retained earnings of $7,000 During the year, Wildfire reports net income of $7,300 and pays dividends of $2,000 In addition, Wildfire issues additional common stock for $6,800. Required: Prepare the statement of stockholders' equity at the end of the year (December 31). Note: Negative amounts should be indicated by a minus sign. WILDFIRE DRILLING Statement of Stockholders' Equity For the Year Ended December 31 Common Stock Retained Earnings Total Stockholders

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