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