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Sarasota Co. reports the following information for 2017: sales revenue $767,200, cost of goods sold $503,000, operating expenses $87,800, and an unrealized holding loss on
Sarasota Co. reports the following information for 2017: sales revenue $767,200, cost of goods sold $503,000, operating expenses $87,800, and an unrealized holding loss on available-for-sale securities for 2017 of $59,600. It declared and paid a cash dividend of $14,450 in 2017. Sarasota Co. has January 1, 2017, balances in common stock $362,300; accumulated other comprehensive income $87,600; and retained earnings $91,850. It issued no stock during 2017. Prepare a statement of stockholders equity.
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