
Answer:
Skysong Co.
Statement of Stockholders' Equity
For the year ended December 31, 2020
Common Retained Accum. other Total
stock earnings comprehensive I.
Jan. 1 $369,200 $98,980 $88,300 $556,480
Unrealized ($60,700)
holding loss
Net income $169,000
Dividends ($12,430)
Subtotal $369,200 $255,550 $27,600 $652,350
Explanation:
sales revenue $776,200
cost of goods sold $517,000
operating expenses $90,200
net income = $169,000
and an unrealized holding loss on available-for-sale debt securities for 2020 of $60,700.