STATEMENT OF SHAREHOLDERS EQUITY Problem 7pts Using the activity listed and the starting balances in a firm's Shareholder Equity, calculate/update the ending Shareholder balances. Net Income earned = 60,000 Dividends Paid = 20,000 Paid for Share Repurchases = 75,000 Other Comprehensive Income = 10,000 Common Share Issuance = $0 Common Stock & Retained Accumulated Other Treasury Total Shareholder Equity Paid in Capital Earnings Comprehensive Income Stock 300,000 200,000 60,000 (40,000) 520,000