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Assignment 2 Name On January 1t, 2010, ABC Inc, a publicly traded company, had the following Shareholder Equity balances: Shares $500,000 $800,000 $100,000 $50,000 Earnings

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Assignment 2 Name On January 1t, 2010, ABC Inc, a publicly traded company, had the following Shareholder Equity balances: Shares $500,000 $800,000 $100,000 $50,000 Earnings Contributed Surplus Accumulated Other Comprehensive Income During 2010, the following took place ABC Inc earned net income of $120,000 paid cash dividends in the amount of $20,000. the company declared a stock dividend in the amount of $50,000. ABC experienced an unrealized foreign exchange gain of $50,000 upon translation of its foreign subsidiary's results. Prepare a Statement of Changes in Equity for ABC Inc. for 2010

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