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Marble Corporation had the following balances in its stockholders' equity accounts at December 31, 2018:...

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Accounting

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Marble Corporation had the following balances in its stockholders' equity accounts at December 31, 2018: Common Stock, $10 par,50,00 shares authorized, 20,000 shares issued Contributed Capital in Excess of Par Value, Common Retained Earmings Treasury Stock, 1,000 shares acquired at $20 per share S200,000 $2 Total Stockholders' Equity The following transactions occurred during 2018 February 3 May 10 October 12 December 31 Sold and issued 3,000 shares of common stock at $22 per share. Declared a S0.50 per share dividends on common stock Sold 500 shares of the treasury stock for $20 per share. 2 SsS Net income for the year was determined to be $75,000. Based on the above information, prepare a staterment of stockholders' equity for 2018. Use the form below. (Exhibit 11.16 can help!) Marble Corporation Statement of Stockholders' Equity Contributed Capital inRetainedTreasury Total CommonExcess ofP Earnings Stock Stock Value, Balance, Db December 31 2017 ,000 20,000 0,000 0000 $930000 Net Income (Dec 7s,380 Issuance of Common Stock (Feb 3 Reissuance of Treasury Stock (Oct 12) Cash Dividend (May 10) Balance, 2018 S00-20 Do 2 000 x 103 20

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