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Please use the Adjusted Trial Balance for Rockford Corporation to prepare a Statement of Stockholders Equity for the year ending December 31, 2020 Credit $

Please use the Adjusted Trial Balance for Rockford Corporation to prepare a image text in transcribedStatement of Stockholders Equity for the year ending December 31, 2020

Credit $ Debit 280,178 $ 280,280 14,014 104,200 1,281 429,002 830 5,200 3,500 165,850 99,650 306,000 91,960 70,500 47,540 38,900 19,125 40,000 15,000 181,549 4,406 9,050 15,335 400 Rockford Corporation Adjusted Trial Balance December 31, 2020 Account Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Interest Receivable Inventory Supplies Prepaid Insurance Prepaid Rent Investments - Trading Securities Land Buildings Accumulated Depreciation - Buildings Trucks Accumulated Depreciation - Trucks Equipment Accumulated Depreciation Equipment Investments - Available for Sale Securities Notes Payable Accounts Payable Salaries and Wages Payable FICA Taxes Payable Federal income Taxes Payable Federal Withholding Taxes Payable FUTA Payable SUTA Payable Interest Payable Dividends Payable Notes Payable-Long Term Bonds Payable - $1,000 par, 6%, Convertible Discount on Bonds Payable Preferred Stock-8% $100 Far (10,000 authorized. 1,000 issued & outstanding Common Stock $1 Par (1,000,000 autorizad, 100,000 issued, 65,000 outstanding) Paid-in Capital in Excess of Par-Preferred Paid-in Capital in excess of Par-Common Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Non-Controlling interest Dividends Sales Revenue Sales Discounts Sales Returns and Allowances Cost of Goods Sold Advertising Expense Bad Debt Expense Supplies Expense Freight Out Office Expense Depreciation Expense insurance Expense Salaries and Wages Expense Rent Expense Payroll Tax Expense Utilities Expense Interest Revenue Net Income (after Tax] on Discontinued Operations Interest Expense Loss on Disposal of Plant Assets Loss on Disposal - Discontinued Operations (Net of Tax) Income Tax Expense Total 2,600 10,955 8,740 113,000 275,000 4,864 100,000 100,000 10,000 292,400 362.748 125,610 6,850 25,000 3,740 5,660,052 77,281 14,060 3,985,262 7,678 13,134 4,458 19,490 1,455 37,745 4,365 995,752 21,910 87,441 17.478 . 4,431 15,750 37,061 500 24,250 72,000 $ 7,385 905 $ 7,385,905 Rockford Corporation Statement of Stockholder's Equity For the Year Ended December 31, 2020 Pald-in Capital Preferred Common Stock in tress of Par Stock Common Accumulat ed Other Non Comprehe Controlling nsive interest Income Paid in Capital in Retained Excess of Earnings Par Preferred 10,000 362,748 Treasury Stock Total 100,000 292,400 100,000 (125,610) 735,538 0 D 0 0 259,913 0 258,913 Beginning Balance - January 1, 2019 Additions: Net Income Subtractions: Dividends Ending Balance . December 31, 2019 0 100,000 0 0 292,400 100,000 0 18,740) 10,000 612,921 0 (8.740 (125,610) 989,711

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