Sunland Co. reports the following information for 2020: sales revenue $753,100, cost of goods sold $520,900, operating expenses $84,600, and an unrealized holding loss on available-for-sale debt securities for 2020 of $51,000. It declared and paid a cash dividend of $11,210 in 2020.Sunland Co. has January 1, 2020, balances in common stock $359,700; accumulated other comprehensive income $90,900; and retained earnings $97,460. It issued no stock during 2020. (Ignore income taxes.)Prepare a statement of stockholders’ equity.SUNLAND CO.Statement of Stockholders’ Equitychoose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 Total Retained Earnings Accumulated OtherComprehensive Income Common Stockselect an item Ending BalanceDividendsBeginning BalanceOther Comprehensive IncomeUnrealized Holding LossNet Income $enter a total amount for this row $enter a dollar amount $enter a dollar amount $enter a dollar amount select an item Other Comprehensive IncomeBeginning BalanceUnrealized Holding LossEnding BalanceDividendsNet Income enter a total amount for this row enter a dollar amount enter a dollar amount enter a dollar amountselect an opening section name Other Comprehensive IncomeEnding BalanceNet IncomeBeginning BalanceUnrealized Holding LossDividends select an item DividendsNet IncomeOther Comprehensive IncomeBeginning BalanceUnrealized Holding LossEnding Balance enter a total amount for this row enter a dollar amount enter a dollar amount enter a dollar amountselect an item DividendsEnding BalanceBeginning BalanceUnrealized Holding LossNet IncomeOther Comprehensive Income enter a total amount for this row enter a dollar amount enter a dollar amount enter a dollar amountselect a closing name for this statement Other Comprehensive IncomeBeginning BalanceDividendsUnrealized Holding LossEnding BalanceNet Income $enter a total amount for this column $enter a total amount for this column $enter a total amount for this column

The statement of stockholders' equity represents the changes that occurred in the equity held by the…

Answered: Sunland Co. reports the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sunland Co. reports the following information for 2020: sales revenue $753,100, cost of goods sold $520,900, operating expenses $84,600, and an unrealized holding loss on available-for-sale debt securities for 2020 of $51,000. It declared and paid a cash dividend of $11,210 in 2020.

Sunland Co. has January 1, 2020, balances in common stock $359,700; accumulated other comprehensive income $90,900; and retained earnings $97,460. It issued no stock during 2020. (Ignore income taxes.)

Prepare a statement of stockholders’ equity.

SUNLAND CO. Statement of Stockholders’ Equity choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
	Total	Retained Earnings	Accumulated Other Comprehensive Income	Common Stock
select an item Ending BalanceDividendsBeginning BalanceOther Comprehensive IncomeUnrealized Holding LossNet Income	$enter a total amount for this row	$enter a dollar amount	$enter a dollar amount	$enter a dollar amount
select an item Other Comprehensive IncomeBeginning BalanceUnrealized Holding LossEnding BalanceDividendsNet Income	enter a total amount for this row	enter a dollar amount	enter a dollar amount	enter a dollar amount
select an opening section name Other Comprehensive IncomeEnding BalanceNet IncomeBeginning BalanceUnrealized Holding LossDividends
select an item DividendsNet IncomeOther Comprehensive IncomeBeginning BalanceUnrealized Holding LossEnding Balance	enter a total amount for this row	enter a dollar amount	enter a dollar amount	enter a dollar amount
select an item DividendsEnding BalanceBeginning BalanceUnrealized Holding LossNet IncomeOther Comprehensive Income	enter a total amount for this row	enter a dollar amount	enter a dollar amount	enter a dollar amount
select a closing name for this statement Other Comprehensive IncomeBeginning BalanceDividendsUnrealized Holding LossEnding BalanceNet Income	$enter a total amount for this column	$enter a total amount for this column	$enter a total amount for this column

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