Robinson Water Company reported the following items on its statement of shareholders equity for the year ended

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?

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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)