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The December 31, 2012, balance sheet for Thomas Company showed total stockholders Solution .. Given:- Change in Total stockholder .

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The December 31, 2012, balance sheet for Thomas Company showed total stockholders Solution .. Given:- Change in Total stockholder Let the Net Income be "x" STOCKHOLDER"S EQUITY STATEMENT Particulars Amount($) Opening Balance in Stockholder's Equity (as on Jan-1,2013) 73000 (+)Issue of Common Stock (assuming it to be at PAR Value) 10700 (+)Profit for the year x (-)Cash Dividend paid to Stockholder's -9500 Closing Balance in Stockholder's Equity (as on Dec-31,2013) 74200 + x

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