Calvo Co. reports the following information for 2014: sales revenue $350,000; cost of goods sold $250,000; operating expenses $40,000; and an unrealized holding loss on available-for-sale securities for 2014 of $30,000. It declared and paid a cash dividend of $5,000 in 2014.
Calvo Co. has January 1, 2014, balances in common stock $175,000; accumulated other comprehensive income $40,000; and retained earnings $45,000. It issued no stock during 2014.
Instructions
Prepare a statement of stockholders' equity.