Tamarisk Co. reports the following information for 2020: sales revenue $769,400, cost of goods sold $502,400, operating expenses $88,400, and an unrealized holding loss on available-for-sale debt securities for 2020 of $57,800. It declared and paid a cash dividend of $14,160 in 2020. Tamarisk Co. has January 1, 2020, balances in common stock $365,300; accumulated other comprehensive income $90,400; and retained earnings $91,010. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders’ equity.

Statement of Changes In Equity

                                                Common Stock    Retained Earning     Total

Beginning Balance                      $365,300               $91,010            $456,310

During the Year 2020

Profit for the Year                                                    $120,800            $120,800

Dividends                                                                   ($14,160)             ($14,160)

Balance at End                            $365,300            $197,650            $562,950

Explanation:

First, Calculate the Profit / Loss for the Year

Income Statement for the year ended 2020

Sales Revenue                                                                          $769,400

Less Cost of goods sold                                                         ($502,400)

Gross Profit                                                                               $267,000

Operating expenses                                                                 ($88,400)

Net Profit/(Loss)                                                                         $178,600

Other Comprehensive Income

Less unrealized holding loss                                                   ($57,800)

Total Profit and Loss and other comprehensive income       $120,800

See the statement prepared above in terms of IAS 1 of the International Financial Reporting Standards (IFRS)

it was decent, could have been a little better.. how bout you lol.

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number