Question 1 Riverbed Co, reports the following information for 2017: sales revenu

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Question 1 Riverbed Co, reports the following information for 2017: sales revenue $762,800, cost of goods sold $524,200, operating expenses $82,000, and an unrealized holding loss on available-for-sale securities for 2017 of $56,700. It declared and paid a cash dividend of $14,660 in 2017 Riverbed Co. has January 1, 2017, balances in common stock $368,700; accumulated other comprehensive income $87,500; and retained earnings $95,830. It issued no stock during 2017 Prepare a statement of stockholders' equity RIVERBED CO t of Accumulated Other Total h etained Earnings Comprehensive Income Common Stock Question Attempts: 0 of 1 used SAVE FOR LATER SU Version 4.24.4.5 2000-2018 John Wiley & Sons Inc. All Rights Reserved. A Division of

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Net income calculation

RIVERBED CO Statement of Stockholders Equity Total Retained earnings Accumulated other Comprehensive income Common stock Opening balance $5,52,030 $95,830 $87,500 $3,68,700 Net income $1,56,600 Cash dividends -$14,660 Unrealized holding loss on available for sale securities -$56,700 Closing balance $6,37,270 $2,37,770 $30,800 $3,68,700

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