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How do I get the total for Shareholder's Equity and net income for 2015 if I have the info below. Beginning Retained earning for 2016
How do I get the total for Shareholder's Equity and net income for 2015 if I have the info below. Beginning Retained earning for 2016 was given as 5,173,286 which I know I could use as ending RE for 2015. However, I tried to calculate how they was able to get to that number and I could not come up with a number that would match that. Thank you.
- accumulated other comprehensive income (loss): 621,236
- accumulated depreciation, PPE: 1,829,634
- additional paid in capital, common stock: 299,304
- additional paid in capital, preferred stock: 75
- common stock: 300,000
- COGS: 3,000,235
- Depreciation expense: 307,200
- dividends common stock: 292,351
- dividends preferred stock: 2,000
- Interest Expense: 191,240
- (loss) income from discontinued operations, net of tax: 28,100
- preferred stock: 900
- provision for income tax: 245,105
- research and development expense: 199,500
- restructuring charges: 199,506
- retained earning, beginning: 2,960,256
- sales: 8,430,061
- selling general and admin expenses: 1,751,794
- treasury stock, at cost: 4,472,969
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