Statement of stockholders' equity and classified balance sheet presentation:
Total stockholders' equity			12/31/2016		1,288,000
Information about the stockholders' equity as of 12/31/16:
Common stock PV $2, authorized 400,000; issued 180,000 at an average issue price of 4.75
Accumulated other comprehensive income has a balance of $100,000.
The remaining balance in total stockholders' equity is retained earnings.
Information about transactions in 2017:
1.) During 2017, the company issued 10,000 shares for $55,000.
2.) During 2017: sales revenue $800,000, cost of goods sold $500,000, operating expenses $120,000,
and an unrealized holding loss on available-for-sale securities for 2017 of $80,000.
3.) During 2017 the compay declared and paid a cash dividend of $10,000 in 2017.
4.) Tax rate is 20% for 2017.
1,) Prepare the stockholders' equity section of the balance sheet as it would be presented in a classified balance sheet.
2.) Prepare the statement of stockholders' equity.
1,)
Stockholders' Equity
Preferred Stock
Common Stock
APIC
AOCI
Retained Earnings
Treasury Stock
2.)
	Totals	Retained earnings	Accumulated other comprehensive income	Common Stock	Additional Paid in capital
Beginning Balances