Common Stock Issuance, No Par Value, Stock Split, Disclosure. The stockholders’ equity section of Five Voices Music, Inc.’s balance sheet at December 31, 2017, follows: Stockholders’ Equity Common Stock – no par, 10,000 shares authorized, 1,000 shares issued and outstanding Retained Earnings Total Stockholders’ Equity During 2018, Five Voices Music completed the following transactions: • May 24: Issued 200 no-par common shares for cash amounting to $16,000. • December 1: Implemented a 2-for-1 stock split. • December 31: Announced net income of $50,000 for the year ended December 31, 2018. Based on the information provided, prepare the stockholders’ equity section for Five Voices Music at Decem-ber 31, 2018
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