(Answered) Question - the cleaning authority provides janitorial

Accounting

Question - The Cleaning Authority provides janitorial services for commercial customers. On December 31, 2010, the credit balance of the Common Stock and Retained Earnings accounts were $12,000 and $5,500, respectively. During 2011, the company issued $4,200 of stock, and paid $3,800 in dividends. The income statement resulted in a profit of $21,200. Prepare a 2011 statement of stockholders' equity for The Cleaning Authority.

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