Prepare statement of shareholders equity for Lime Co

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Reference no: EM132653201

Question - Lime Co. had the following accounts (among others) in its general ledger at December 31, 2019:

Bonds payable, 8%, due in 5 years $80,000

Premium on bonds payable 8,000

Additional paid-in capital, preferred stock 17,600

Net gain on foreign currency translation 41,000

Cash dividend payable, common stock 9,000

Stock dividend distributable, common stock 10,000

Sinking fund 37,000

Additional paid-in capital, common stock 32,400

Net actuarial loss on pension obligation 11,000

Investment in U.S. Treasury notes 24,000

Treasury stock, common stock, at cost of $100 per share 60,000

Preferred stock, $10 par value, 6%, 100,000 shares authorized, shares issued, shares outstanding 200,000

Reserve for sinking fund 37,000

Retained earnings, unappropriated 263,000

Common stock, stated value, shares issued, 24,400 shares outstanding 100,000

Using the applicable information from the above listing, prepare statement of shareholders' equity for Lime Co., as of December 31, 2019.

Reference no: EM132653201

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