- - - - Statement of Changes of Owners' Equity During the year 2019 the following events occurred: 1 80,000 shares of $5.50 Par common Stock was issued for $3,000,000 during the year. 2 40,000 shares of treasury stock for $450,000 was purchased. 3 There was a gain on sale of investments of $210,000. 4 In 2018, Terry forgot to record $325,000 of depreciation (Ignore income taxes). 5 Loss from lawsuit during the year of $80,000. 6 During the year, net income of ($500,000) was recorded. 7 Common stock cash dividends of $140,000 were declared and paid. 8 Preferred stock cash dividends of $310,000 were declared but not yet paid 9 There was an unrealized gain on debt available-for sale securities of $150,000. The tax rate is 15%. 10 2,000 shares of preferred stock were issued at 120 (par = $100) 11 A $500,000 impairment was made for discontinued operations. The tax rate is 15%. Exclude Acumulated Common Additonal Preferred Stock Additional Comprehen. Retained Stock (Par $5.5) PIC-C/S (Par $100) PIC/PS Income Earnings 400,000 1,500,000 300,000 150,000 2,000,000 $10,355,000 Treasury Total Stock ($300,000) $14,405,000 Beginning Balances 600 vu WNA 10 Ending Balances