Rutger was organized at the beginning of 2016. It had the following income items for the year ended December 31, 2016: Sales Gain on sale of assets Unrealized gain available for sale securities Unrealized gain on trading securities Cost of goods sold Operating expenses $10,000,000 Required: 250,000 140,000 100,000 5,000,000 Prepare the December 31, 2016 statement of changes in stockholders' equity. 4,000,000 As a new company, Rutger issued 50,000 shares of $1 par common stock for $350,000. On July 5, 2016, Rutger reacquired 5,000 shares of its own stock for $25,000.

Rutger was organized at the beginning of 2016. It had the following income items for the year ended December 31, 2016: As a new company, Rutger issued 50,000 shares of $1 par common stock for $350,000. On July 5,2016 , Rutger reacquired 5,000 shares of its own stock for $25,000. Required: Prepare the December 31, 2016 statement of changes in stockholders' equity