Answer:
Explanation:
Statement of Share holder equity is given below
Balance on January 01, 2014
Equity / Common stock           350000
Retained Earning                 90000
Accumulated other comprehensive   80000
income
unrealized holding loss on           60000
available-for-sale securities for 2014
Sales Revenue                   700000
Cost of goods sold                 500000
Operating Expense                 80000
Net income = Sales Revenue - Cost of goods sold -  Operating Expense          Â
Net income = 700000 - 500000 - 80000 = 120,000
Comprehensive income = Net income - unrealized holding loss on available-for-sale securities for 2014
Comprehensive income = 120000 - 60000 = 60000
Shareholder equity
Equity / Common stock                    350000
Retained Earning                          90000
Comprehensive income                    60000               Â
Accumulated other comprehensive income   80000
Total Shareholders equity                  580,000
Â