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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