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Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income
Presented below is information which relates to Carla Vista Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income Retained earnings, January 1, 2023 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2019 (pre-tax) Gain on FV-OCI investments (net of tax) Proceeds from issuance of Carla Vista common shares Accumulated other comprehensive income, January 1, 2023 $405,000 790,000 32,000 459,000 200,000 60,000 17,500 On January 1, 2023, Carla Vista had 20,000 common shares outstanding with a capital balance of $500,000. During the year, Carla Vista Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Carla Vista's income tax rate is 20%. (Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).) Carla Vista Company Statement of Shareholders' Ed For the Year Ended December 31, 20: Beginning Balance Beginning Balance as Adjusted Dividends Declared Other Comprehensive Income Issuance of Shares Ending Balance Common Shares Number Common Shares 20000 50000C 20000 50000C 2000 60000 22000 560000
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