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of shareholders' equity for Inge Co., as of December 31, 2020 FINANCIAL ACCOUNTING II On December 30, 2020, Inge Co.'s Board of Directors declared a

image text in transcribed of shareholders' equity for Inge Co., as of December 31, 2020

FINANCIAL ACCOUNTING II On December 30, 2020, Inge Co.'s Board of Directors declared a 10% stock dividend for its common stock, when the market value of the common stock was $3 per share. After recording the joumal entry for the declaration of the stock dividend, Inge Co. had the following accounts (among others) in its general ledger on December 31, 2020: Bonds payable, 8%, due in 5 years Premium on bonds payable Additional paid-in capital, preferred stock Net gain on foreign currency translation Cash dividend payable, common stock Stock dividend distributable, common stock Sinking fund Additional paid-in capital, common stock Net actuarial loss on pension obligation Investment in U.S. Treasury notes Treasury stock, common stock, at cost of $100 per share Preferred stock, $10 par value, 6%, 100,000 shares authorized, ? shares issued, ? shares outstanding Reserve for sinking fund Retained earnings, unappropriated Common stock, $ ? stated value, ? shares issued, 24,400 shares outstanding $ 80,000 8,000 17,600 41,000 9,000 37,000 32,400 11 ,ooo 24,000 200,000 37,000 263,000 100,000 Using the applicable information from the above listing, prepare a statement of shareholders' equity for Inge Co., as of December 31, 2020.

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