Question 6

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Current Attempt in Progress Sandhill Supply Corporation provided the following schedule detailing the changes in the shareholders' equity accounts during 2020 and 2021. 2020 2021 Number of Shares Number of Shares Amount Amount 460.000 $552.000 0 460,000 46,000 (23,000 483.000 $552.000 30,000 (26,455) 555,545 0 460,000 552.000 14,000 0 27 14.000 7,400 21,400 14,000 Common shares, unlimited authorized Balance, January 1 Issued shares for cash Reacquired shares Balance, December 31 Contributed surplus-reacquisition of common shares Balance, January 1 Reacquired common shares Balance, December 31 Retained earnings Balance, January 1 Profit (loss) Common dividends -Cash Balance, December 31 Accumulated other comprehensive income Balance, January 1 Other comprehensive income (loss) Balance, December 31 Shareholders' equity, December 31 165.000 20.500 (18,500) 167.000 175.000 17.500 (27.500) 165.000 47,000 16,000 63.000 $806, 945 50.000 (3.000) 47.000 $778,000 Prepare the statement of changes in shareholders' equity for the year ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.s. (451) SANDHILL SUPPLY CORPORATION Statement of Changes in Shareholders' Equity Common Shares Contributed Surplus- Reacquisition of Common Shares Retained Earnings 5 $ $ Balance, January 1 Issued shares for cash Reacquired common shares Cash dividends Comprehensive Income Balance December 31 I Tedbook and Media Prethe theoretion of the balance sheet December 31, 2021 Prepare the shareholders' equity section of the balance sheet at December 31, 2021. SANDHILL SUPPLY CORPORATION Partial Balance Sheet V I $ e Textbook and Media Total Assets Intangible Assets Current Assets Total Current Liabilities Shareholders Equity Total Intangible Assets Total Liabilities and Shareholders' Equity Total Current Assets Total Property. Plant and Equipment Total Liabilities Property. Plant and Equipment Total Shareholders Equity Total Long-Term Eabilities Long-Term Investments Long-Term Liabilities Total Long-Term Investments Current Liabilities