Exercise 1-7 (Algo) Prepare a statement of stockholders' equity (LO1-3) At the beginning of the...
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Exercise 1-7 (Algo) Prepare a statement of stockholders' equity (LO1-3) At the beginning of the year fJanuary 1), Wild Horses Driling has $12,000 of common stock outstanding and retained earnings of $6,200. During the yeot, Wild Horses reports net income of $6,500 and pays dividends of $1,200, in addition, Wild Horses issues additional common stock for $6,000 Required: Prepare the statement of stockholders' equity at the end of the year (December 30)
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