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In: Accounting

The following is selected financial information for Qualmart, Inc. for its year ending January 31, 2021:...

The following is selected financial information for Qualmart, Inc. for its year ending January 31, 2021:

Retained earnings, January 31, 2020 ……..

$153,790

Stock issuance ………………………………

1,235

Contributed capital, January 31, 2020 …

9,470

Net income ………………………………………

32,560

Other stockholders’ equity changes……

(592)

Dividends ………………………………………….

14,930

Other stockholders’ equity, January 31, 2020

2,463

Prepare a statement of stockholders' equity for 2021 for Qualmart.

Qualmart, Inc.

Statement of Stockholders' Equity

For Year Ended January 31, 2021

Contributed Capital

Retained Earnings

Other

Total

Balance, January 31, 2020

Stock issuance

Net income

   

Dividends

Other stockholders’ equity changes

Balance, January 31, 2021

Solutions

Expert Solution

Qualmart Inc.
Statement of Stockholders equity
For the year ended January 31,2021
Contributed Capital Retained earnings Other Total
Balance , January 31,2020 $9,470 $1,53,790 $3,055 $1,66,315
Stock issuance $1,235 $1,235
Net income $32,560 $32,560
Dividends -$14,930 -$14,930
other stock holders equity changes -$592 -$592
Balance January 31,2021 $10,705 $1,71,420 $2,463 $1,84,588

ekkarill92 answered 3 years ago
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