E8.7. A Simple Reformulation: J.C. Penney Company (Easy) 1,430 810 (720) (180) 12 50 468 1,870 Reformulate the following statement of shareholders' equity statement for J.C. Penney Company. Dividends paid consisted of $24 million in preferred dividends and $225 million in common dividends. J. C. PENNEY COMPANY, INC., AND SUBSIDIARIES Consolidated Statements of Stockholders' Equity (5 in millions) January 29, 2000 Net loss Net unsealized change in investments Currency translation adjustments Other comprehensive income from discontinued operations Total comprehensive Dividends Common stock sued Preferred stock retired Accumulated Other Common Preferred Reinvested Stock Stock Earnings Comprehensive (Loss)/income Total Stockholders' Equity 3,766 446 3.590 (74) 7,228 (705) (705) 2 2 (14) (14) 16 16 (705) 4 (201) (249) (249) 28 28 (47) (47) $3,294 $399 $2,636 50700 $6,259 January 27, 2001