Drake Co. summarized select account balances on December 31, 2020, and activity for 2020 in the following table. Retained earnings, beginning balance $60,000 Common stock, $1 par, 100,000 shares authorized, 50,000 shares issued 40,000 Treasury stock, 1,000 shares 10,500 Paid-in capital in excess of par 440,000 Accumulated other comprehensive income 25,000 Investment in stock 100,000 Bonds payable 50,000 Net income for 2020 (not included in retained earnings above) 12,000 Dividends declared and paid during 2020 (not included in retained earnings above) 5,000 Noncontrolling interests 2,500 Based on the information provided, what is total stockholders’ equity on December 31, 2020? Select one: a. $559,000 b. $585,000 c. $564,000 d. $574,000

Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021. Common Stock, $1 par, 60,000 shares issued and outstanding Additional Paid-In Capital December 31, 2020 $ 60,000 36,000 24,000 March 31, 2021 $ 60,000 36,000 24,000 Retained Earnings. Total Stockholders' Equity $ 120,000 $ 120,000 During the quarter ended March 31, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 11,000 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the ended June 30, 2021, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Calculate e per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2…

Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018.    Common stock—$25 par value, 100,000 shares authorized,45,000 shares issued and outstanding $ 1,125,000   Paid-in capital in excess of par value, common stock   60,000   Retained earnings   400,000   Total stockholders' equity $ 1,585,000      During 2019, the following transactions affected its stockholders’ equity accounts.  Jan.   2   Purchased 4,500 shares of its own stock at $15 cash per share. Jan.   5   Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb.   28   Paid the dividend declared on January 5. July   6   Sold 1,688 of its treasury shares at $19 cash per share. Aug.   22   Sold 2,812 of its treasury shares at $12 cash per share. Sept.   5   Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct.   28   Paid the…

During 2021 if there is a net income of $2,550,000 then the total stockholders’ equity balance after adding the calculation in point (C) will be $_____________

Neptune Corporation is preparing its December 31, 2018, balance sheet. The following items may be reported as either assets, liabilities or stockholders’ equity.     d) During the year, customer advances of $220,000 were received; $110,000 of this amount was earned by December 31, 2018. e) A 10% bonds payable of 1,000,000 was issued on December 31, 2018, due on December 31, 2023. f) Treasury stock of $55,000 has been recorded at cost. Instructions:For each item above indicate the dollar amounts to be reported as assets, liabilities or stockholders’ equity. Mention the classification as well.

The following financial information is available for Sunland Corporation. 2022 2021 Average common stockholders' equity $1,100,000 $877,000 Dividends paid to common stockholders 45,000 25,500 Dividends paid to preferred stockholders 18,500 18,500 Net income 285,000 190,000 Market price of common stock 18 13 The weighted-average number of shares of common stock outstanding was 76,000 for 2021 and 103,000 for 2022. Calculate earnings per share and return on common stockholders' equity for 2022 and 2021 (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Earnings per share Return on common stockholders' equity $ 2022 % $ 2021 %

What would be the classified Balance Sheet for Sandpiper as of December 31, 2020? After calculations, does the ASSETS sheet and Liabilities and Stockholders' Equity balance?     Accounts Payable $34,600 Accounts Receivable $35,100 Accrued Liabilities $11,500 Accumulated Depreciation $35,600 Allowance for Doubtful Accounts $900 Bonds Payable[Long-term] $80,000 Cash and Cash Equivalents $33,600 Common Stock at par $1.50 (authorized 200,000 shares,  issued xxxxx? shares, and XXXX? outstanding)-CALCULATE $75,000 Cost of goods sold $204,800 Current Portion of Long-Term Debt $5,600 Discounts on Bonds Payable $2,300 Equipment and vehicles $89,100 General and administrative expenses $92,100 Intangilbles - Net $14,300 Investments in Equity Securities[long-term] $5,000 Land[not used in operations] $25,600 Land and Building $145,300 Long-Term Debt Payable [not including current portion] $40,200 Merchandise Inventory (FIFO, Lower of Cost or Market) $28,700 Notes Payable[short-term] $6,500 Notes…

Beverly Company provides the following information for the year 2020: January 1 December 31 Total Assets P10,000,000 15,000,000 Total Liabilities 4,000,000 7,000,000 Share Capital 3,000,000 Share Premium 1,000,000 Retained Earnings ? ? During the year, the Company issued share capital of P2,000,000 at a premium of P400,000. Dividends of P1,600,000 were paid on December 10, 2020. Determine the amount of net income or loss for the year ended 2020 A. P1,200,000 income B. P1,800,000 loss C. P1,200,000 loss D. P1,800,000 income

Presented below are data for Blossom Company     2020   2021 Assets, January 1     $4210     $5000 Liabilities, January 1     2530     ? Stockholders' Equity, Jan. 1     ?     ? Dividends     843     645 Common Stock     751     673 Stockholders' Equity, Dec. 31     ?     ? Net Income     838     672 Stockholders' Equity at January 1, 2020 is

Question: Please help me understand how to enter this data into the balance sheet for dec 31 2020   The following accounts appear in the ledger of Pina Colada Corp. after the books are closed at December 31, 2020.   Common Stock, no par, $1 stated value, 390,000 shares authorized; 320,000 shares issued $ 320,000 Common Stock Dividends Distributable 30,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,290,000 Preferred Stock, $5 par value, 8%, 40,000 shares authorized; 26,700 shares issued 133,500 Retained Earnings 845,000 Treasury Stock (10,800 common shares) 76,680 Paid-in Capital in Excess of Par—Preferred Stock 349,000 Accumulated Other Comprehensive Loss 32,500     Prepare the stockholders' equity section at December 31, 2020, assuming retained earnings is restricted for plant expansion in the amount of $118,000. For capital stock first enter the preferred stock details   I want to see if I am on the right track: This is the partial answer I have starrted   Pina Colada…