Respuesta :
Answer:
Total stockholders' equity at the end of 2021= $542,000
Explanation:
Total stockholder equity = Common stock balance plus additional Issued Capital balance + Retained earnings.
Authorized Share Capital 170,000 @ $7 $1,190,000
Issued 17000 Common Stock @$9
Common Stock 17,000@$7 $119,000
Additional Issued Capital 17,000@$2 $34,000 $153,000
Issued 34,000 Common Stock @$10
Common Stock 34,000@$7 $238,000
Additional Issued Capital 34,000@$3 $102,000 $340,000
Sub-Total $493,000
Less: Shares repurchased 3000@$12 ($36,000)
$457,000
Net income $170,000
Less: Dividend $85,000
Retained earnings $85,000
Stockholders' Equity $542,000
