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1. Statement of Stockholders' Equity

   The stockholders equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows.

   COMMON STOCK
   			Jan. 1	Balance	1,000,000
   			Apr. 14	Issued
   				15,600 shares	468,000
   			Dec. 31	Balance	1,468,000

   PAID-IN CAPITAL IN EXCESS OF PAR
   			Jan. 1	Balance	160,000
   			Apr. 14	Issued
   				15,600 shares	109,200
   			Dec. 31	Balance	269,200

   TREASURY STOCK
   Aug. 7	Purchased
   	2,600 shares	72,800

   RETAINED EARNINGS
   Mar. 31	Dividend	26,000	Jan. 1	Balance	1,740,000
   June. 30	Dividend	26,000	Dec. 31	Closing
   Sept. 30	Dividend	26,000		(Net income)	261,000
   Dec. 31	Dividend	26,000	Dec. 31	Balance	1,897,000

   Prepare a statement of stockholders equity for the year ended December 31, 20Y9.

   If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign.

   I-Cards Inc.
   Statement of Stockholders' Equity
   For the Year Ended December 31, 20Y9
   	Common Stock $30 Par	Paid-In Capital in Excess of Par	Treasury Stock	Retained Earnings	Total
   Balance, Jan. 1, 20Y9	$	$	$	$	$
   Issued 15,600 shares of Common Stock
   Purchased 2,600 shares as Treasury Stock
   Net Income
   Dividends
   Balance, Dec. 31, 20Y9	$	$	$	$	$

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