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Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7: Balance, January 1, 20x7 Issuance of common shares for
Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20X7: Balance, January 1, 20x7 Issuance of common shares for cash Retirement of common shares Costs associated with equity issue Stock dividend Comprehensive income Retirement of preferred shares Balance, 31 December 20x7 Other Contributed Reserve re Common Preferred Capital Unrealized Share Share (All Retained Gains, Capital Capital Sources) Earnings Investments $ 8,882 $ 4,982 2,918 6,212 11,338 (2,190) (1,666) (1,564) 615 (3,108) 3,485 38 (3,560) (540) (190) $ 18,345 $ 1,422 $ 712 $ 4,235 $126 Required: 1. Not available in Connect 2. Earnings were $4,091. How much is comprehensive income? Comprehensive income 3. What amount was paid to retire common shares during the year? Common shares 4-a. What amount was paid to retire preferred shares during the period? Preferred shares 4-b. What amount should be deduction from contributed capital? Deduction from contributed capital 4-c. What amount should be deduction from retained earnings? Deduction from retained Earnings 5. Not available in Connect. 6. Not available in Connect
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