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In: AccountingExercise 4-16Sheridan Co. reports the following information for 2017: salesrevenue $762,800, cost of goods...Exercise 4-16Sheridan Co. reports the following information for 2017: salesrevenue $762,800, cost of goods sold $524,200, operating expenses$82,000, and an unrealized holding loss on available-for-salesecurities for 2017 of $56,700. It declared and paid a cashdividend of $14,660 in 2017.Sheridan Co. has January 1, 2017, balances in common stock$368,700; accumulated other comprehensive income $87,500; andretained earnings $95,830. It issued no stock during 2017.Prepare a statement of stockholders’ equity.
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