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On January 1, 2014 Hammer Company listed the following shareholders' equity section of its balance sheet:
Contributed Capital:
Common stock, $1 par
$150,000
Additional paid-in capital on common stock
300,000
Total Contributed Capital
$450,000
Retained Earnings
758,000
Accumulated other comprehensive income
14,500
Total Shareholders' Equity
$1,222,500
During 2015, the following events occurred in the order listed and were properly recorded:
Required:Prepare a statement of changes in shareholders' equity for 2015.
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