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36140 201830/F2018-1235-Statem uity question- Homework Question.xlsx ACCT 1235-Chapter 9 Homework Question (Statement of Shareholders' Equity) Dec 31, 2017 Balances (from Balance Sheet) Common Shares Accumulated

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36140 201830/F2018-1235-Statem uity question- Homework Question.xlsx ACCT 1235-Chapter 9 Homework Question (Statement of Shareholders' Equity) Dec 31, 2017 Balances (from Balance Sheet) Common Shares Accumulated other comprehensive income Retained earnings 300,000 issued $5,100,000 $4,500,000 $1,200,000 $10,800,000 Total Net income for the year $700,000 Other comprehensive income for they year Issued common shares: Stock dividends declared and distributed: Cash dividend paid of $35,000 $15 /share issued at 50,000 7% when the market price was $17 /share $2/share Required: 1) Prepare statement of changes in shareholders equity for ABC corp for the year ended Dec 31, 2018. Please include column for number of common shares. 2) Show what the Shareholders Equity section of the balance sheet will look like on Dec 31, 2018

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