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Requirement Prepare a statement of stockholders' equity for the current year. Note: You will need to solve for net income using the given information. Round

Requirement

Prepare a statement of stockholders' equity for the current year. Note: You will need to solve for net income using the given information. Round to the nearest dollar. (If a box is not used in the statement, leave the box empty; do not enter a zero. Round intermediary calculations and your final answers to the nearest whole dollar.

Statement of Stockholders' Equity

For the Current Year Ended December 31

Accumulated

Other

Total

Common

Retained

Comprehensive

Stockholders'

Stock

Earnings

Income (Loss)

Equity

Balance, January 1

1154000.00

Net Income

Dividends Declared

Issuance of Common Stock

Unrealized Gain on Available-For-Sale Securities, Net of Tax

Balance, December 31

Trial Balance (Selected Accounts)

Clarisas Cookie Company

Trial Balance (Selected Accounts)

For the Current Year Ended December 31

Account

Debit

Credit

Retained Earnings, Beginning Balance

$1,154,000

Accumulated Other Comprehensive Income, Beginning Balance

$60,275

Dividends

54,000

Sales

1,152,000

Interest Income

3,900

Dividend Income

3,450

Gain on Sale of Property

7,000

Gain on Disposal of Plant Assets

100,000

Unrealized Gain on Trading Investments

27,150

Unrealized Gain on Available-for-Sale Bonds Before Tax

3,100

Gain on Sale of Discontinued Operations Before Tax

59,200

Cost of Goods Sold

525,000

Selling Expenses

36,000

Office Supplies Expense

50,100

Amortization Expense

13,000

Sales Salaries Expense

20,500

Advertising Expense

20,500

Office Salaries Expense

63,000

Depreciation Expense

27,000

Legal Fees

7,600

Accounting Fees

11,000

Interest Expense

6,300

Loss on Asset Impairment

9,400

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