Question

Q3- Oriole Co. reports the following information for 2017: sales revenue $780,800, cost of goods sold $519,000, operating expenses $88,800, and an unrealized holding loss on available-for-sale securities for 2017 of $56,200. It declared and paid a cash dividend of $12,950 in 2017. Oriole Co. has January 1, 2017, balances in common stock $362,700; accumulated other comprehensive income $83,900; and retained earnings $98,160. It issued no stock during 2017. Prepare a statement of stockholders’ equity.

Answer 1

Statement of Stockholder's Equity
For the year ended 31 Dec 2017
	Total	Retained earnings	Accumulated Other comprehensive Income	Common Stock
Beginning balance - Jan 1, 2017	$544,760	$98,160	$83,900	$362,700
Net Income [780800 - 519000 - 88800]	$173,000	$173,000
Other comprehensive income	$0
Unrealized holding loss	($56,200)		($56,200)
Dividends	($12,950)	($12,950)
TOTAL Stockholder's equity ENDING BALANCE	$648,610	$258,210	$27,700	$362,700