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Question 3 --(7-Marks)1 ...... ........ .... Tote-Ltd. reported the following balances at January 1, 2014: Common-shares Retained earnings... Accumulated other comprehensive income. -$420,000 . -
Question 3 --(7-Marks)1 ...... ........ .... Tote-Ltd. reported the following balances at January 1, 2014: Common-shares Retained earnings... Accumulated other comprehensive income. -$420,000 . - 30,000 - 58,000 During the year. Tote earned net-income of $200,000-andgenerated-other- comprehensive income of $70,000. Instructions Prepare a statement of shareholders' equity for the year ended December 31, 2014.1
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