Question
Kingbird Co. reports the following information for 2020: sales revenue $762,900, cost of goods sold $518,900, operating expenses $83,600, and an unrealized holding loss on
Kingbird Co. reports the following information for 2020: sales revenue $762,900, cost of goods sold $518,900, operating expenses $83,600, and an unrealized holding loss on available-for-sale debt securities for 2020 of $53,600. It declared and paid a cash dividend of $13,990 in 2020. Kingbird Co. has January 1, 2020, balances in common stock $366,000; accumulated other comprehensive income $83,700; and retained earnings $92,370. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders equity.
KINGBIRD CO. Statement of Stockholders Equity choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 | ||||||||
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Total | Retained Earnings | Accumulated Other Comprehensive Income | Common Stock | |||||
select an item Net IncomeUnrealized Holding LossOther Comprehensive IncomeBeginning BalanceDividendsEnding Balance | $enter a total amount for this row | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||
select an item Beginning BalanceDividendsEnding BalanceOther Comprehensive IncomeUnrealized Holding LossNet Income | enter a total amount for this row | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
select an opening section name Unrealized Holding LossBeginning BalanceDividendsEnding BalanceNet IncomeOther Comprehensive Income | ||||||||
select an item Other Comprehensive IncomeUnrealized Holding LossBeginning BalanceEnding BalanceNet IncomeDividends | enter a total amount for this row | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
select an item Net IncomeUnrealized Holding LossEnding BalanceDividendsBeginning BalanceOther Comprehensive Income | enter a total amount for this row | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
select a closing name for this statement Net IncomeOther Comprehensive IncomeUnrealized Holding LossBeginning BalanceDividendsEnding Balance | $enter a total amount for this column | $enter a total amount for this column | $enter a total amount for this column | $enter a total amount for this column |
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