Coronado Co. reports the following information for 2020: sales revenue $767,500, cost of goods sold $505,000, operating expenses $84,800, and an unrealized holding loss on available-for-sale debt securities for 2020 of $52,000. It declared and paid a cash dividend of $12,650 in 2020. Coronado Co. has January 1, 2020, balances in common stock $360,700; accumulated other comprehensive income $86,400; and retained earnings $91,890. It issued no stock during 2020. (Ignore income taxes.)

Required:
Prepare a statement of stockholders' equity.

Respuesta :

Answer and Explanation:

The preparation of the statement of stockholder equity is presented below:

The net income could be find out by applying the following formula

= Sales - cost of goods sold - operating expenses

The statement of stockholder equity is a collection of common stock, retained earnings, comprehensive income and other comprehensive income

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