On January 1, 2015, Marlow Corporation had the following shareholders' equity account balances:
Accumulated other comprehensive income$ 130,000
Additional paid-in capital on common stock280,000
Common stock, $5 par (30,000 shares authorized)150,000
Retained earnings340,000
?
?
During 2015, the following events occurred in the order listed and were properly recorded:
?The company issued 3,000 shares of common stock at $25 per share.?The company earned net income of $126,300.?The company paid a $1.20 per share dividend on its common stock.?The company experienced an unrealized decrease in the value of its investment in available-for-sale securities of $9,000.?
Required:Prepare a statement of changes in shareholders' equity for 2015.
What will be an ideal response?
?
| MARLOW CORPORATIONStatement of Changes in Shareholders' EquityFor Year Ended December 31, 2017 | |||||
| ? | |||||
| ? | ? | Additional | ? | Accumulated | ? |
| ? | CommonStock, $5 | ?Paid-In Capital | ?Retained | OtherComprehen- | ? |
| ? | par | On Common | Earnings | sive Income | Total |
| Balance, | ? | ? | ? | ? | ? |
| January 1, 2017 | $150,000 | $280,000 | $340,000 | $130,000 | $ 900,000 |
| Net income | ? | ? | 126,300 | ? | 126,300 |
| Common stock | ? | ? | ? | ? | ? |
| issued | 15,000 | 60,000 | ? | ? | 75,000 |
| Cash dividends paid | ? | (39,600) | ? | (39,600) | |
| Foreign currency translation | ? | ? | ? | ? | |
| adjustment | ? | ? | ? | (9,000) | (9,000) |
| Balance, | ? | ? | ? | ? | ? |
| December 31, 2017 | $165,000 | $340,000 | $426,700 | $121,000 | $1,052,700 |
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