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The following information relates to Cargall Corp. for 2017: Sales $2,000,000 COGS $1,000,000 wages expense $210,000 dividend revenue $10,000 tax rate 20% Cargall Corp Statement
The following information relates to Cargall Corp. for 2017: Sales $2,000,000 COGS $1,000,000 wages expense $210,000 dividend revenue $10,000 tax rate 20% Cargall Corp Statement of changes in Shareholders Equity For the Year Ended December 31, 2017 common shares retained capital earnings AOCI XXX xxx shareholders equity XXX Begining New Shares issued Comprehensive Income Net Income Dividends Ending Cargall Corp Statement of Comprehensive Income For the Year Ended December 31, 2017 Net income Other comprehensive income Unrealized holding gain less income tax XXX XX XX Comprehensive income XX Cargall Corp Statement of Income For the Year Ended December 31, 2017 Sales revenue XXXX XXX Operating expenses XXXXX XXX Non-operating items income before income tax XXXX XXXX Earnings per Share (EPS) The following information relates to Cargall Corp, for 2017: Sales $2,000,000 COGS $1,000,000 wages expense $210,000 dividend revenue $10,000 tax rate 20% unrealized holding gain on FV-OCI investments during the year (OCT); $20,000 [for Intermediate accounting assume the holding gain amount given is not yet net of tax] January 1, 2017 begining balance of Accumulated Other Comprehensive Income January 1, 2017 begining balance of Retained Earnings January 1, 2017 begining balance of common share capital The company had no changes to the number of common shares outstanding The company declared and paid dividends to common shareholders during the year $60,000 $150,000 $100,000 200,000 shares $70,000 Prepare in good form 1 Statement of Income for the year ended December 31, 2017 Multiple step - with a separate Statement of Comprehensive Income 2 Statement of Comprehensive Income for the year ended December 31, 2017 3 Statement of Shareholders Equity for the year ended December 31, 2017
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