Financial statements
Padget Home Services began its operations on January 1, 20Y7 (see Problem 2-3). After its second year of operations. the following amounts were taken from the accounting records of Padget Home Services, Inc., as of December 31, 20Y8.
Instrustions
Prepare a statement of stockholders’ equity for the year ending December 31, 20Y8. (Nole: The retained earnings at January 1, 20Y8. was $1 20.000.)
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