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Exercise 4-16 Teal Co. reports the following information for 2017: sales revenue $778,100, cost of goods sold $510,600, operating expenses $86,300, and an unrealized holding
Exercise 4-16 Teal Co. reports the following information for 2017: sales revenue $778,100, cost of goods sold $510,600, operating expenses $86,300, and an unrealized holding loss on available-for-sale securities for 2017 of $54,800. It declared and paid a cash dividend of $12,210 in 2017 Teal Co. has January 1, 2017, balances in common stock $361,500; accumulated other comprehensive income $86,900; and retained earnings $97,980. It issued no stock during 2017 Prepare a statement of stockholders' equity. TEAL CO Statement of Stockholders' Equity Accumulated Other Total Retained Earnings Comprehensive Income Common Stock
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