On January 1, 2014 Hammer Company Listed the Following Shareholders

Essay

On January 1, 2014 Hammer Company listed the following shareholders' equity section of its balance sheet:

During 2014, the following transactions and events occurred and were recorded:
1)Hammer issued 50,000 shares of common stock at $3 per share.
2) Hammer earned net income of $175,900.
3)Hammer paid a cash dividend of $.10 per share of common stock
4) Hammer had an unrealized loss associated with some available-for-sale securities in the amount of $1,450.
Required:
Prepare Hammer's statement of shareholders' equity for 2014.