Question
Lime Co. had the following accounts (among others) in its general ledger at December 31, 2019: Bonds payable, 8%, due in 5 years ....................................... $
Lime Co. had the following accounts (among others) in its general ledger at December 31, 2019:
Bonds payable, 8%, due in 5 years ....................................... $ 80,000
Premium on bonds payable ................................................. 8,000
Additional paid-in capital, preferred stock ............................... 17,600
Net gain on foreign currency translation ................................. 41,000
Cash dividend payable, common stock .................................. 9,000
Stock dividend distributable, common stock ............................ 10,000
Sinking fund ..................................................................... 37,000
Additional paid-in capital, common stock ................................ 32,400
Net actuarial loss on pension obligation ................................. 11,000
Investment in U.S. Treasury notes ........................................ 24,000
Treasury stock, common stock, at cost of $100 per share .......... 60,000
Preferred stock, $10 par value, 6%, 100,000 shares authorized, shares issued, shares outstanding .............. 200,000
Reserve for sinking fund ..................................................... 37,000
Retained earnings, unappropriated ....................................... 263,000
Common stock, stated value, shares issued,
24,400 shares outstanding ...................................................... 100,000
Using the applicable information from the above listing, prepare statement of shareholders' equity for Lime Co., as of December 31, 2019.
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