Answer:
Shareholders equity current year last year
Common stock: $235,563.56 $234,053.56
Capital in excess of par value: $192,389,000.00 $170,431,000.00
Retained earnings: -<u>$33,352,000.00</u> -<u>$80,797,000.00</u>
Total shareholders' equity $159,272,563.56 $89,868,053.56
common stocks last year = 23,405,356 x $0.01 = $234,053.56
common stocks current year = 23,563,356 x $0.01 = $235,563.56
Capital in excess of par value last year = $170,431,000
Capital in excess of par value current year = $192,389,000
retained earnings last year = -$80,797,000.00
retained earnings current year = -$80,797,000 + $54,583,000 - $7,138,000 = ($33,352,000.00)
