The information on the following page was obtained from the records of Breanna Incorporated: Accounts receivable $ 10,400 Accumulated depreciation 51,200 Cost of goods sold 126,000 Income tax expense 8,500 Cash 60,500 Net sales 208,000 Equipment 121,000 Selling, general, and administrative expenses 36,000 Common stock (8,000 shares) 90,000 Accounts payable 10,800 Retained earnings, 1/1/22 23,750 Interest expense 6,000 Merchandise inventory

Sep 8, 2023

The information on the following page was obtained from the records of Breanna Incorporated:

Accounts receivable $ 10,400
Accumulated depreciation 51,200
Cost of goods sold 126,000
Income tax expense 8,500
Cash 60,500
Net sales 208,000
Equipment 121,000
Selling, general, and administrative expenses 36,000
Common stock (8,000 shares) 90,000
Accounts payable 10,800
Retained earnings, 1/1/22 23,750
Interest expense 6,000
Merchandise inventory 37,600
Long-term debt 38,000
Dividends declared and paid during 2022 15,750

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The information on the following page was obtained from the records of Breanna Incorporated: Accounts receivable $ 10,400 Accumulated depreciation 51,200 Cost of goods sold 126,000 Income tax expense 8,500 Cash 60,500 Net sales 208,000 Equipment 121,000 Selling, general, and administrative expenses 36,000 Common stock (8,000 shares) 90,000 Accounts payable 10,800 Retained earnings, 1/1/22 23,750 Interest expense 6,000 Merchandise inventory
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Prepare a statement of changes in stockholders’ equity for the year ended December 31, 2022, for Breanna Incorporated.

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