2. Prepare the statement of stockholders' equity for the year ended December 31,2021 .
(Amounts to be deducted should be indicated by a minus sign.)
Required information [The following information applies to the questions displayed below]
Donnie Hilfiger has two classes of stock authorized. $1 par preferred and \$0.01 par value
common. As of the beginning of 2021,300 shares of preferred stock and 4,000 shares of common
stock have been issued. The following transactions affect stockholders' equity during 2021
March 1 Issue 1,100 shares of connon stock for $42 per share. May 15 Purchase 400 shares of
treasury stock for $35 per share. July 10 Rese11 200 shares of treasury stock purchased on May
15 for s40 per share. October 15 Issue 200 shares of preferred stock for \$45 per share.
December 1 Declare a cash dividend on both common and preferred stock of 50.50 per share to
all stockholders of record on December-15. (Hint: Dividends are not paid on treasury stock.)
Decenber 31 pay the cash dividends declared on December 1. Donnie Hifiger has the following
beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock,
\$300; Common Stock, \$40; Additional Paid-in Capital, \$76,000; and Retained Earnings,
\$30,500. Net income for the year ended December 31, 2021, is $10,800. Taking into
consideration the beginning balances on January 1,2021 and all the transactions during 2021,
respond to the following for Donnie Hilfiger: equired: Prepare the stockholders' equity section of
the balance sheet as of December 31, 2021. (Amounts to be deducted should be dicated by a
minus sign.).
2. Prepare the statement of stockholders equity for the year ended D.pdf
1. 2. Prepare the statement of stockholders' equity for the year ended December 31,2021 .
(Amounts to be deducted should be indicated by a minus sign.)
Required information [The following information applies to the questions displayed below]
Donnie Hilfiger has two classes of stock authorized. $1 par preferred and $0.01 par value
common. As of the beginning of 2021,300 shares of preferred stock and 4,000 shares of common
stock have been issued. The following transactions affect stockholders' equity during 2021
March 1 Issue 1,100 shares of connon stock for $42 per share. May 15 Purchase 400 shares of
treasury stock for $35 per share. July 10 Rese11 200 shares of treasury stock purchased on May
15 for s40 per share. October 15 Issue 200 shares of preferred stock for $45 per share.
December 1 Declare a cash dividend on both common and preferred stock of 50.50 per share to
all stockholders of record on December-15. (Hint: Dividends are not paid on treasury stock.)
Decenber 31 pay the cash dividends declared on December 1. Donnie Hifiger has the following
beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock,
$300; Common Stock, $40; Additional Paid-in Capital, $76,000; and Retained Earnings,
$30,500. Net income for the year ended December 31, 2021, is $10,800. Taking into
consideration the beginning balances on January 1,2021 and all the transactions during 2021,
respond to the following for Donnie Hilfiger: equired: Prepare the stockholders' equity section of
the balance sheet as of December 31, 2021. (Amounts to be deducted should be dicated by a
minus sign.)
![2. Prepare the statement of stockholders' equity for the year ended December 31,2021 .
(Amounts to be deducted should be indicated by a minus sign.)
Required information [The following information applies to the questions displayed below]
Donnie Hilfiger has two classes of stock authorized. $1 par preferred and $0.01 par value
common. As of the beginning of 2021,300 shares of preferred stock and 4,000 shares of common
stock have been issued. The following transactions affect stockholders' equity during 2021
March 1 Issue 1,100 shares of connon stock for $42 per share. May 15 Purchase 400 shares of
treasury stock for $35 per share. July 10 Rese11 200 shares of treasury stock purchased on May
15 for s40 per share. October 15 Issue 200 shares of preferred stock for $45 per share.
December 1 Declare a cash dividend on both common and preferred stock of 50.50 per share to
all stockholders of record on December-15. (Hint: Dividends are not paid on treasury stock.)
Decenber 31 pay the cash dividends declared on December 1. Donnie Hifiger has the following
beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock,
$300; Common Stock, $40; Additional Paid-in Capital, $76,000; and Retained Earnings,
$30,500. Net income for the year ended December 31, 2021, is $10,800. Taking into
consideration the beginning balances on January 1,2021 and all the transactions during 2021,
respond to the following for Donnie Hilfiger: equired: Prepare the stockholders' equity section of
the balance sheet as of December 31, 2021. (Amounts to be deducted should be dicated by a
minus sign.)](https://image.slidesharecdn.com/2-231006094425-aa8c4da0/85/2-Prepare-the-statement-of-stockholders-equity-for-the-year-ended-D-pdf-1-320.jpg)
