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

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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 2 years ago

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