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View Policies Current Attempt in Progress On January 1, 2021. Wildhorse incorporated had an unlimited number of common shares authorized 290 000 issued, and the
View Policies Current Attempt in Progress On January 1, 2021. Wildhorse incorporated had an unlimited number of common shares authorized 290 000 issued, and the balance in the Common Shares account was $2.9 million. The company reported a balance in Retained Earnings on this date of 5820.000 and accumulated other comprehensive income of $28,000 During the year, the following occurred: 1 2. 3 Issued 80.000 common shares at $16 per share on July 1 Declared a 3-for-2 stock split on September 30 when the fair value was $20 per share Declared a SX stock dividend on December to common shareholders of record at December 30, distributable on January 16, 2022. At the declaration date, the fair value of the common shares was $23per share Earned profit of $360,000 for the year Recognized a loss on equity investments of $38.000 before tax, which will be reported as other comprehensive income. The company's income tax rate is 25% 4. 5 Prepare a statement of changes in shareholders equity for the year ended December 31, 2021. (Enter negative amounts using either a negative sin preceding the numbers -15 or parentheseses: 1451 WILDHORSE CORPORATION Statement of Changes in Shareholders'Equity Accu Common Shares Stock Dividend Distributable Retained Com Prepare a statement of changes in shareholders equity for the year ended December 31, 2021. (Enter negative amounts using either a negative sin preceding the numbers -45 or parentheses (450 WILDHORSE CORPORATION Statement of Changes in Shareholders' Equity Common Shares Stock Dividend Distributable Retained Earnings Accur Com Inc Balance January 1 $ Issued for cash Stock split 3 for 2 Stock dividends Comprehensive income Balance December 31 5 $ Save for late Attempts: 0 of 1 used Submit A Prepare a statement of changes in shareholders equity for the year ended December 31, 2021. (Enter negative amounts using either a negative si preceding the number 45 or parentheses (451) WILDHORSE CORPORATION Statement of Changes in Shareholders' Equity Stock Dividend Distributable Retained Earnings Accumulated Other Comprehensive Income (Loss) Total 5 $ Save for late Attempts: 0 of 1 used Submit Arwer
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