Question

Whispering Winds Corp. began the year 2022 with $115900 in its Common Stock account and a debit balance in Retained Earnings of $49700. During the year, the company earned net income of $24800, and declared and paid $8300 of dividends. In addition, the company sold additional common stock amounting to $30400. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022

Answer 1

$113,100

Step-by-step explanation:

Stock holder equity balanced item that reveals the total net asset that an investor or an organization owns after debts and all liabilities are settled . It tells the actual value of the company.

Opening common stock - $115900

Opening Retained earning - ($49700)

Net income - $ 24,800

Dividends paid ($ 8300)

Additional stock - $30400

Stockholder equity = $113,100