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  3. at the beginning of 2024, glasson academy reported

At the beginning of 2024, Glasson Academy reported a balance in common stock of $166,000...

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Accounting

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At the beginning of 2024, Glasson Academy reported a balance in common stock of $166,000 and a balance in retained earnings of $66,000. During the year, the company issued additional shares of stock for $56,000, earned net income of $46,000, and paid dividends of $11,600. In addition, the company reported balances for the following assets and liabilities on December 31 . Required: 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. Prepare a statement of stockholders' equity. Prepare a balance sheet

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