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XYZ. reports the following information for 2021 to it's accountants: sales revenue $800,000; cost of goods sold $400,000; operating expenses $160,000. An unrealized gain in
XYZ. reports the following information for 2021 to it's accountants: sales revenue $800,000; cost of goods sold $400,000; operating expenses $160,000. An unrealized gain in the value of the company's office building of $100,000. An unrealized holding gain of $50,000 on debt securities. The unrealized holding gain represents a increase in the fair value of debt securities and is classified as part of other comprehensive income. An unrealized gain in the value of a the company's reputation of $100,000. XYZ declared and paid a cash dividend of $50,000 in 2021. During 2021, XYZ issued 6,000 shares for S35,000, and issued 15,000 shares for equipment that has a fair value of $75,000. Tax rate for 2021 is 20%. XYZ has 12/31/20 balance in stockholders' equity of S640,000. Common Stock Par Value S2, authorized 400,000 shares, issued and outstanding shares of 100,000; average issue price of $4.50; accumulated other comprehensive income $70,000: and retained earnings 120,000 Instructions: Copy the table below and complete the statement of stockholders' equity fro 12/31/21. Prepare a statement of stockholders' equity as of 12/31/21. (5 points) Total Retained AOCI CS APIC Earnings Beginning balances Ending balances For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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