Question: Please fill out the 2 0 2 2 and 2 0 2 3 section of the balance sheet provided blow using the following information given.

Please fill out the 2022 and 2023 section of the balance sheet provided blow using the following information given. XYZ Company
Statement of Shareholders' Equity
Statement of Comprehensive Income
Net Income
Change in Fair Value of Investment Securities, AFS, net of tax
Other Comprehenvise Income
Comprehensive Income
Background
2022-
Net Income- $37,489
Company issued on 1215?221,000 shares of preferrred stock at $10.00 per share with cumulative rights.
Company repurchased 450 share at $16.67 per share
Company issued common cash dividend of $0.53 per share based upon end of year shares
Company gross unrealized losses on securities of $708. Current and future tax rate is 21%.
2023-
Net Income- $38,918
Company repurchased 200 share at $17.50 per share at 1015?2023
10% Common stock dividend at 1215?2023 for $10.00 per share.
Company issued cash dividend of $0.72 per share (Common & Prefered) based upon end of year shares
Company gross unrealized losses on available for securities of $2,184. Current and future tax rate is 21%.
 Please fill out the 2022 and 2023 section of the balance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!