Wave Water Company reported the following items on its statement of shareholders€™ equity for the year ended December 31, 2012:

Requirements
1. Determine the December 31, 2012, balances in Wave Water€™s shareholders€™ equity accounts and total shareholders€™ equity on this date.
2. Wave Water€™s total liabilities on December 31, 2012, are $7,800. What is Wave Water€™s debt ratio on this date?
3. Was there a profit or a loss for the year ended December 31, 2012? How can you tell?
4. At what price per share did Wave Water issue common stock during2012?

Accumulated Other S3 Par Total Common Additional Retained Comprehensive Shareholders' Stock Paid-in Capital Earnings ncome $375 Equity $6,812 $4,200 990 Balance, December 31, 2011 Net earnings. Other comprehensive income... Issuance of stock $2,225 $12 120 240 videndS:.. (69) Balance, December 31, 2012