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Presented below is information which relates to Sandhill Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2020 Net Income $430,000 785,000
Presented below is information which relates to Sandhill Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2020 Net Income $430,000 785,000 35.000 460.000 Retained earnings, January 1, 2020 Cash dividends declared on common shares Correction of calculation error depreciation understatement in 2016 (pre-tax) Gain on FV-OCI investments (net of tax) Proceeds from issuance of Sandhill common shares Accumulated other comprehensive income, January 1, 2020 201,000 56,000 16,500 On January 1, 2020, Sandhill had 18.000 common shares outstanding with a capital balance of $ 450.000. During the year, Sandhill Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2020. Sandhill's income tax rate is 20% (Enter expenses and losses using either a negative sign preceding the number es, 25 or parentheses es. (25) Sandhill Company Statement of Shareholders' Equity Common Shares Number Common Shares Accumulated Other Comprehensive Income Common Shares Retained Earnings Total
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