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The Stockholders' Equity section of Stanley Corporation's balance sheet at December 31, 2019 appeared as follows: Common stock $360,000 Accumulated other comprehensive income $90,000 Retained
The Stockholders' Equity section of Stanley Corporation's balance sheet at December 31, 2019 appeared as follows: Common stock $360,000 Accumulated other comprehensive income $90,000 Retained earnings $100,000 Total stockholders equity $550,000 During 2020, Stanley Corporation reported the following information: sales revenue 5800.000, unrealized gain on available for sale debt securities $50,000; cost of goods sold $600,000; and operating expenses 570,000. The company declared and paid a cash dividend of $25,000 in 2020. The ending balance in accumulated other comprehensive income on December 31, 2020 is: O $140,000 $115,000 $90,000 $40,000
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