Ventura Company had the following income statements for 20X1 and 20X2:
Ventura Company generally paid dividends approximately equal to its net income. This resulted in the company's stockholders' equity totaling $1,380 at the end of both 20X0 and 20X1. However, at the end of 20X2 the company's total stockholders' equity was $3,000 primarily because of a large issuance of common stock in mid-20X2. Plus
