On January 1, 2014 Hammer Company listed the following shareholders' equity section of its balance sheet:
Contributed Capital:
Common stock, $1 par
$150,000
Additional paid-in capital on common stock
300,000
Total Contributed Capital
$450,000
Retained Earnings
758,000
Accumulated other comprehensive income
14,500
Total Shareholders' Equity
$1,222,500
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