Construct a full Statement of Shareholders Equity for Nunu Enterprise, as of December 31, 2019,...
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Accounting
Construct a full Statement of Shareholders Equity for Nunu Enterprise, as of December 31, 2019, given the following information.
As of December 31, 2018, there were 50 million shares of stock outstanding, sold by the company to shareholders for a total of $138 million.
On March 11, 2019, an additional 2 million shares were sold by the company to shareholders for $7 million. No other shares were sold or bought back in 2019.
Net Income for the year ending December 31, 2019 was $92 million.
During 2019, $29 million of cash dividends were declared and paid to shareholders.
As of December 31, 2019, total Shareholders Equity was $1,133 million.
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