Tamarisk Co. reports the following information for 2020: sales revenue $769,400, cost of goods sold $502,400, operating expenses $88,400, and an unrealized holding loss on available-for-sale debt securities for 2020 of $57,800. It declared and paid a cash dividend of $14,160 in 2020. Tamarisk Co. has January 1, 2020, balances in common stock $365,300; accumulated other comprehensive income $90,400; and retained earnings $91,010. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders’ equity.

Statement of Changes In Equity

                                                Common Stock    Retained Earning     Total

Beginning Balance                      $365,300               $91,010            $456,310

During the Year 2020

Profit for the Year                                                    $120,800            $120,800

Dividends                                                                   ($14,160)             ($14,160)

Balance at End                            $365,300            $197,650            $562,950

Explanation:

First, Calculate the Profit / Loss for the Year

Income Statement for the year ended 2020

Sales Revenue                                                                          $769,400

Less Cost of goods sold                                                         ($502,400)

Gross Profit                                                                               $267,000

Operating expenses                                                                 ($88,400)

Net Profit/(Loss)                                                                         $178,600

Other Comprehensive Income

Less unrealized holding loss                                                   ($57,800)

Total Profit and Loss and other comprehensive income       $120,800

See the statement prepared above in terms of IAS 1 of the International Financial Reporting Standards (IFRS)

what types of rivers