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Waterway Co. reports the following information for 2017: sales revenue $776,200, cost of goods sold $517,000, operating expenses $90,200, and an unrealized holding loss on
Waterway Co. reports the following information for 2017: sales revenue $776,200, cost of goods sold $517,000, operating expenses $90,200, and an unrealized holding loss on available-for-sale securities for 2017 of $60,700. It declared and paid a cash dividend of $12,430in 2017.
Waterway Co. has January 1, 2017, balances in common stock $369,200; accumulated other comprehensive income $88,300; and retained earnings $98,980. It issued no stock during 2017.
Prepare statement of stockholders' equity.
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