In: Accounting
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 |
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Contributed Capital |
Retained Earnings |
Other |
Total |
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Balance, January 31, 2020 |
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Stock issuance |
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Net income |
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Dividends |
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Other stockholders’ equity changes |
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Balance, January 31, 2021 |
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 |