Sure, let's prepare the statement of stockholders' equity for Donnie Hilfiger for the year ended December 31, 2021.
1. Preferred Stock:
- Beginning balance: $300
- Issued 200 shares on October 15: $200
- Ending balance: $500
2. Common Stock:
- Beginning balance: $40
- Issued 1,100 shares on March 1: $11
- Ending balance: $51
3. Additional Paid-in Capital:
- Beginning balance: $76,000
- Issued 1,100 shares of common stock: $45,100 (1,100 shares * $42 - $11)
- Issued 200 shares of preferred stock: $8,000 (200 shares * $45 - $200)
- Treasury stock sold: $1,000 (200 shares * $40 - $35)
- Ending balance: $130,100
4. Treasury Stock:
- Beginning balance: $0
- Purchased 400 shares: -$14,000 (400 shares * $35)
- Sold 200 shares: $7,000 (200 shares * $35)
- Ending balance: -$7,000
5. Retained Earnings:
- Beginning balance: $30,500
- Net income: $10,800
- Dividends: -$2,250 (300 preferred shares * $0.50 + 4,500 common shares * $0.50)
- Ending balance: $39,050
Please note that these calculations are simplified and actual statement might require more detailed calculations and adjustments.