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Here is the question, thank u. On January 1, 2020, Blossom had 22,000 common shares outstanding with a capital balance of $550,000. During the year,

Here is the question, thank u.

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On January 1, 2020, Blossom had 22,000 common shares outstanding with a capital balance of $550,000. During the year, Blossom Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31. 2020. Blossom's income tax rate is 20% (Enter apenses and losses using either a negative sign preceding the number 5.3. -25 or parentheses e.g. (25).) Blossom Company Statement of Shareholders' Equity Common Shares Accumulated Other Number Common Shares Retained Earnings Comprehensive Income Total v $ $ $ $ Current Attempt in Progress Presented below is information which relates to Blossom Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2020. Net income $403,000 Retained earnings, January 1, 2020 795,000 Cash dividends declared on common shares 32,000 Correction of calculation error depreciation understatement in 2016 (pro-tax) 471,000 Gain on FV-OCl investments (net of tax) 225,000 Proceeds from issuance of Blossom common shares 64,000 Accumulated other comprehensive income, January 1, 2020 17,000 On January 1,2020, Blossom had 22,000 common shares outstanding with a capital balance of $550,000. During the year, Blossom Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2020. Blossom's income tax rate is 20%. (Enter apenses and losses using either a negative sign preceding the number eg. -25 or parentheses as. (25))

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