Applications E9.7. A Simple Reformulation: J. C. Penney Company (Easy) Reformulate the following statement of shareholders' equity statement for J.C. Penney Company. Dividends paid consisted of S24 million in preferred dividends and $225 million in common dividends. 284 Part Two The Analysis of Financial Statements J. C. PENNEY COMPANY, INC., AND SUBSIDIARIES Consolidated Statements of Stockholders' Equity Accumulated Other Common Preferred Reinvested Comprehensive (s in millions) Stock Stock Earnings (Loss)/Income January 29, 2000 3.266 446 3.590 (74) Net loss (705) Net unrealized change in investments Currency translation adjustments (14) Other comprehensive income from 16 discontinued operations Total comprehensive (lossincome (705) Dividends (249) Common stock issued 28 Preferred stock retired January 27, 2001 $3,294 $399 $2,636 $(70) Total Stockholders Equity 7.228 (705 2 (14) 15 A (701) (249 28 (47 $6,259