EX 13-19 Statement of stockholders’ equity
The stockholders’ equity T accounts of Life’s Greeting Cards Inc. for the current fiscal year ended December 31, 2012, are as follows. Prepare a statement of stockholders’ equity for the fiscal year ended December 31, 2012.
| COMMON STOCK | |||||
| Jan. 1 | Balance | 3,000,000 | |||
| Mar. 7 | Issued | ||||
| Dec. 31 | 27,000 shares | 1,350,000 | |||
| Balance | 4,350,000 | ||||
| PAID-IN CAPITAL IN EXCESS OF PAR | |||||
| Jan. 1 | Balance | 480,000 | |||
| Mar. 7 | Issued | ||||
| 27,000 shares | 324,000 | ||||
| Dec. 31 | Balance | 804,000 | |||
| TREASURY STOCK | |||||
| Aug. 7 | Purchased | ||||
| 4,500 shares | 216,000 | ||||
| RETAINED EARNINGS | |||||
| Mar. 31 | Dividend | 37,500 | Jan. 1 | Balance | 5,220,000 |
| June 30 | Dividend | 37,500 | Dec. 31 | Closing | |
| Sept. 30 | Dividend | 37,500 | (net income) | 765,000 | |
| Dec. 31 | Dividend | 37,500 | Dec. 31 | Balance | 5,835,000 |
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