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Tar Heel Corporation provides the following information at the end of 2018.
| | | | |
| Salaries payable to workers at the end of the year | $ | 2,600 | |
| Advertising expense for the year | | 9,700 | |
| Building that has been purchased | | 73,000 | |
| Supplies at the end of the year | | 3,900 | |
| Retained earnings | | 37,800 | |
| Utility expense for the year | | 5,300 | |
| Note payable to the bank | | 21,500 | |
| Service revenue earned during the year | | 65,900 | |
| Salary expense for the year | | 26,000 | |
| Accounts payable to suppliers | | 7,000 | |
| Dividends paid to shareholders during the year | | ? | |
| Common stock that has been issued, including $5,000 | | | |
| that was issued this year | | 25,000 | |
| Cash remaining | | 4,500 | |
| Interest expense for the year | | 1,750 | |
| Accounts receivable from customers | | 12,500 | |
| |
The balance of retained earnings at the beginning of the year equals $24,950.
Required:
2. Prepare the statement of stockholders equity for the year ended December 31, 2018.
| TAR HEEL CORPORATION |
| Statement of Stockholders Equity |
| For the year ended December 31, 2018 |
| | Common Stock | Retained Earnings | Total Stockholders Equity |
| Beginning balance | | $24,950 | |
| Issuance of common stock | 5,000 | | 5,000 |
| Add: Net income | | 23,150 | 23,150 |
| Less: Dividends | | | |
| Ending balance | | |
help with the second chart fill in blanks please
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