Question 1 Windsor Co reports the following information for

Question 1 Windsor Co. reports the following information for 2017: sales revenue $766,600, cost of goods sold $524,400, operating expenses $86,300, and an unrealized holding loss on available-for-sale securities for 2017 of $53,500. It declared and paid a cash dividend of $14,110 in 2017. Windsor Co. has January 1, 2017, balances in common stock $355,100; accumulated other comprehensive income $82,800 and retained earnings $94,670. It issued no stock during 2017. Prepare a statement of stockholders\' equity. NDSOR co Statement of Stockholders\' Equity Accumulated Other Total Retained Earnings Comprehensive Income Common Stock Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER All Rights Version 4.2 of icyI 2000-2018 John Wi

Solution

Ans. WINDSOR CO. Statement of Stockholder\'s Equity Particulars Total Retained Earnings Accumulated Other Comprehensive Income Common Stock Opening Balances $   532,570 $         94,670 $                                 82,800 $           355,100 Add: Net Income (W.N.(1))           155,900 Less: Dividend Paid             14,110 Unrealized holding loss on Securities                                     53,500 Ending Balances $   620,860 $      236,460 $                                 29,300 $           355,100 Working Note: 1) Income Statement Particulars Amt.($) Sales Revenue       766,600 Less: Cost of goods sold       524,400 Operating Income       242,200 Less: Operating Expenses          86,300 Net Income $   155,900