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Preparing the Statement of Stockholders Equity Presented below is financial data for Likert & Co....

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Accounting

Preparing the Statement of Stockholders Equity Presented below is financial data for Likert & Co. as of year-end 2016:

Cash $7,500
Retained Earnings, January 1, 2016 15,000
Intangible Assets 25,000
Common Stock 50,000
Accounts Payable 4,000
Dividends paid 13,000
Accumulated Depreciation (14,000)
Net Income 35,000
Stockholders' Equity, January 1, 2016 65,000
Retained Earnings, December 31, 2016 37,000
Stockholders' Equity, December 31, 2016 87,000

Required Prepare a statement of stockholders equity for Likert & Co. as of December 31, 2016 image

LIKERT &CO. Statement of Stockholders' Equity For the Year Ended December 31, 2016 Common Stock Retained Earnings Total Balance, January 1 Add: Net Income for the year Less: Dividends paid (enter as negative) Balance, December 31

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