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Crane Company Statement of Stockholder's Equity For the year ended on December 31, 2020 Beginning Balance Correction of prior year depreciation understatement, net of
Crane Company Statement of Stockholder's Equity For the year ended on December 31, 2020 Beginning Balance Correction of prior year depreciation understatement, net of tax Beginning Balance as adjusted Net Income Dividend Declared Other comprehensive income Common Share Number Common Shares Retained Earnings Accumulated Other Comprehensiv Total e Income Innsuance of common shares Ending Balance Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2020. Net income Retained earnings, January 1, 2020 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2016 (pre-tax) Gain on FV-OCI investments (net of tax) Proceeds from issuance of Carla Vista common shares Accumulated other comprehensive income, January 1, 2020 $436,000 820,000 32,000 462,000 214,000 56,000 16,500 On January 1, 2020, Carla Vista had 22,000 common shares outstanding with a capital balance of $550,000. During the year, Carla Vista Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2020. Carla Vista's income tax rate is 20%. (Enter expenses and losses using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).)
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