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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 on
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.
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