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Sunland Co. reports the following information for 2020: sales revenue $753,100, cost of goods sold $520,900, operating expenses $84,600, and an unrealized holding loss
Sunland Co. reports the following information for 2020: sales revenue $753,100, cost of goods sold $520,900, operating expenses $84,600, and an unrealized holding loss on available-for-sale debt securities for 2020 of $51,000. It declared and paid a cash dividend of $11,210 in 2020. Sunland Co. has January 1, 2020, balances in common stock $359,700; accumulated other comprehensive income $90,900; and retained earnings $97,460. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders' equity. Beginning Balance Net Income Other Comprehensive Income + Unrealized Holding Loss Dividends Total 359700 SUNLAND CO. Statement of Stockholders' Equity For the Year Ended December 31, 2020 Retained Earnings Accumulated Other Comprehensive Income 90900 $ 97460 510000 147600 11210 Ending Balance $ 359700 39900 $ 233850
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