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Robinson Industries reported the following statement of shareholders equity for the year ended 31 December 20X7: Common Share Capital Preferred Share Capital Other Contributed Capital
Robinson Industries reported the following statement of shareholders equity for the year ended 31 December 20X7:
Common Share Capital | Preferred Share Capital | Other Contributed Capital (All Sources) | Retained Earnings | Reserve re: Unrealized Gains, Investments | |||||||||||
Balance, January 1, 20X7 | $ | 7,392 | $ | 4,214 | 1,633 | 717 | $ | 113 | |||||||
Issuance of common shares for cash | 9,436 | ||||||||||||||
Retirement of common shares | (1,740 | ) | (996 | ) | |||||||||||
Costs associated with equity issue | (804 | ) | |||||||||||||
Stock dividend | 429 | (1,598 | ) | ||||||||||||
Comprehensive income | 2,680 | 83 | |||||||||||||
Retirement of preferred shares | (2,050 | ) | (322 | ) | (110 | ) | |||||||||
Balance, 31 December 20X7 | $ | 15,517 | $ | 2,164 | $ | 315 | $ | 885 | $ | 196 |
2. Earnings were $6,363. How much is comprehensive income?
3. What amount was paid to retire common shares during the year? 4-a. What amount was paid to retire preferred shares during the period?
4-b. What amount should be deduction from contributed capital?
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