Required Prepare a financial statement that explains the differences between the beginning and ending balances for the accounts in the Stockholders’ Equity category of the balance sheet

On May 1, 2016, Ryde Inc. had common stock of $345,000, additional paid-in capital of $1,298,000, and retained earnings of $3,013,000. Ryde did not purchase or sell any common stock during the year. The company reported net income of $556,000 and declared dividends in the amount of $78,000 during the year ended April 30, 2017. Required Prepare a financial statement that explains the differences between the beginning and ending balances for the accounts in the Stockholders’ Equity category of the balance sheet. View Solution:
On May 1 2016 Ryde Inc had common stock of

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