Revere Water Company reported the following items on its statement of shareholders€™ equity for the year ended December 31, 2012:

1. Determine the December 31, 2012, balances in Revere Water€™s shareholders€™ equity accounts and total shareholders€™ equity on this date.
2. Revere Water€™s total liabilities on December 31, 2012, are $7,400. What is Revere Water€™s debt ratio on this date?
3. Was there a profit or a loss for the year ended December 31, 2012? How can you tell?
4. At what price per share did Revere Water issue common stock during2012?

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Accumulated Other S3.50 Par Common Additional Retained Comprehensive Shareholders' Total Stock Paid-in Capital Earnings S395 Income $8 Equity 56,608 Balance, December 31, 2011 1,505 S4,700 1,050 Other comprehensive income.... Issuance of stock Cash dividends Balance, December 31, 2012.. 140 70 (80)