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Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20x7: Common Preferred Other Contributed Reserve re: Share Share Retained
Robinson Industries reported the following statement of shareholders' equity for the year ended 31 December 20x7: Common Preferred Other Contributed Reserve re: Share Share Retained Unrealized Gains, Capital (A11 Sources) Capital Capital Earnings Investments Balance, January 1, $ 7,492 $ 4,259 2,233 1,917 $123 20x7 Issuance of common 9,564 shares for cash Retirement of common shares (1,825) (1,851) Costs associated with (874) 450 (1,737) 2,780 93 equity issue Stock dividend Comprehensive income Retirement of preferred shares Balance, 31 December (2,180) (340) (115) $ 15,681 $ 2,079 $ 842 $ 1,971 $ 216 20x7 Required: 1. Not available in Connect. 2 Earnings were $7,012. 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 4-6. 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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