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Exercise 4-16 Flounder Co. reports the following information for 2017: sales revenue $766,600, cost of goods sold $524,400, operating expenses $86,300, and an unrealized holding
Exercise 4-16 Flounder Co. reports the following information for 2017: sales revenue $766,600, cost of goods sold $524,400, operating expenses $86,300, and an unrealized holding loss on available-for-sale securities for 2017 of $53,500. It declared and paid a cash dividend of $14,110 in 2017. Flounder Co. has January 1, 2017, balances in common stock $355,100; accumulated other comprehensive income $82,800; and retained earnings $94,670. It issued no stock during 2017. Prepare a statement of stockholders' equity. FLOUNDER CO Statement of Stockholders' Equity Accumulated Other Total Retained Earnings Comprehensive Income Common Stock
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