On january 1 2014 hammer company listed the following

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Reference no: EM13568845

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.

Reference no: EM13568845

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