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The following accounts appear in the ledger of Covington Inc. after the books are closed at December 31, 2021: Accumulated other comprehensive income $55,290 Common
The following accounts appear in the ledger of Covington Inc. after the books are closed at December 31, 2021: Accumulated other comprehensive income $55,290 Common shares (unlimited number of shares authorized, 285,000 shares issued) 855,000 Stock dividends distributable 102,600 Contributed surplus 69,540 Preferred shares (\$1.4 noncumulative, 114,000 shares authorized, 11,400 shares issued) 285,000 Retained earnings (of which $637,600 is restricted for a plant expansion) 1,527,600 Accumulated Other Comprehensive Income Common Shares Contributed Surplus Preferred Shares Retained Earnings Share Capital Shareholders' Equity Stock Dividends Distributable Total Share Capital Total Shareholders' Equity
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