Robinson Water Company reported the following items on its statement of shareholders equity for the year ended December 31, 2014 (amounts in thousands of $):

Robinson Water Company reported the following items on its statement of shareholders’ equity for the year ended December 31, 2014 (amounts in thousands of $):

1. Determine the December 31, 2014, balances in Robinson Water’s shareholders’ equity accounts and total shareholders’ equity on this date.
2. Robinson Water’s total liabilities on December 31, 2014, are $7,400. What is Robinson Water’s debt ratio on this date?
3. Was there a profit or a loss for the year ended December 31, 2014? How can you tell?
4. At what price per share did Robinson Water issue common stock during2014?

Accumulated Other $3.50 Par Total Common Additional Retained Comprehensive Shareholders Stock Paid-in Capital Earnings Income Equity Balance, December 31, 2013 $395 ,05 $4,700 Net earnings Other comprehensive income.. Issuance of Cash dividends.. Balance, December 31, 2014 $8 $6,608 1,0s0 70 (80)