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Marigold Co. reports the following information for 2020: sales revenue $780,800.cost of goods sold $519,000, operating expenses $88,800, and an unrealized holding loss on available-for-sale
Marigold Co. reports the following information for 2020: sales revenue $780,800.cost of goods sold $519,000, operating expenses $88,800, and an unrealized holding loss on available-for-sale debt securities for 2020 of $56,200. It declared and paid a cash dividend of $12,950 in 2020. Marigold Co. has January 1, 2020, balances in common stock $362,700; accumulated other comprehensive income $83,900; and retained earnings $98,160. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders' equity. MARIGOLD CO. Statement of Stockholders' Equity For the Year Ended December 31, 2020 Total Retained Earnings Accumulated Other Comprehensive Income Common Stock Beginning Balance 98160 83900 $ 544760 Net Income Other Comprehensive Income Unrealized Holding Loss Dividends Ending Balance 362700 258210 27700 $ 648610
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