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Metlock Co. reports the following information for 2017: sales revenue $774,900, cost of goods sold $529,600, operating expenses $88,500, and an unrealized holding loss on
Metlock Co. reports the following information for 2017: sales revenue $774,900, cost of goods sold $529,600, operating expenses $88,500, and an unrealized holding loss on available-for-sale securities for 2017 of $51,900. It declared and paid a cash dividend of $11,000 in 2017. Metlock Co. has January 1, 2017, balances in common stock $351,200; accumulated other comprehensive income $90,800; and retained earnings $97,480. It issued no stock during 2017. Prepare a statement of stockholders equity.
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