The statement of stockholders’ equity for Longhorn Corporation is: $62,800
<h3> Statement of
stockholders’ equity</h3>
Common stock Retained earning Total stakeholder equity
Beginning balance $36,000 $17,400 $53,400
Issuance of common stock $4,000 - $4,000
Add net income - $5,400 $5,400
[65,700-(53,000+2,200+5,100)]
Ending balance $40,000 $22,800 $62,800
Therefore the statement of stockholders’ equity for Longhorn Corporation is: $62,800.
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