Anoka Company reported the following selected items in the shareholders’ equity section of its balance sheet on December 31, 2019, and 2020:
In addition, it listed the following selected pretax items as a December 31, 2019 and 2020:
The preferred shares were outstanding during all of 2019 and 2020; annual dividends were declared and paid in each year. During 2019, 2,000 common shares were sold for cash on October 4. During 2020, a 20% stock dividend was declared and issued in early May. At the end of 2019 and 2020, the common stock was selling for $25.75 and $32.20, respectively. The company is subject to a 30% income tax rate.
Required:
Accounting Information Systems
Financial Accounting
Corporate Financial Accounting
Financial And Managerial Accounting
College Accounting, Chapters 1-27
Managerial Accounting: The Cornerstone of Business Decision-Making
Financial & Managerial Accounting
Accounting Information Systems
Management, Loose-Leaf Version
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Principles of Economics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Foundations of Business (MindTap Course List)
Contemporary Marketing
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Essentials of Business Communication (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
College Accounting (Book Only): A Career Approach
Financial Accounting
Financial & Managerial Accounting
College Accounting (Book Only): A Career Approach
Accounting (Text Only)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Exploring Economics
Statistics for Business & Economics, Revised (MindTap Course List)
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Corporate Financial Accounting
Economics (MindTap Course List)
Economics For Today
Macroeconomics
Microeconomics
Purchasing and Supply Chain Management
Cornerstones of Cost Management (Cornerstones Series)
Practical Management Science
Managerial Accounting
Cornerstones of Financial Accounting
Microeconomics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Macroeconomics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
Understanding Management (MindTap Course List)