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Statement of Financial Accounting Standards No. 130 - page 49 / 57

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   adjustment for this period.

===========================================================================

Format D:  Statement-of-Changes-in-Equity Approach (Alternative 2)

                    Enterprise

          Statement of Changes in Equity

           Year Ended December 31, 19X9

Retained earnings

   Balance at January 1                    $  88,500

   Net income                                 63,250         $  63,250

   Dividends declared on common stock        (10,000)

   Balance at December 31                    141,750

Accumulated other comprehensive

 income\a/

   Balance at January 1                       25,000

   Unrealized gains on securities, net

    of reclassification                                         11,500

    adjustment (see disclosure)

   Foreign currency translation                                  8,000

    adjustments

   Minimum pension liability adjustment                         (2,500)

   Other comprehensive income                 17,000            17,000

   Comprehensive income                                      $  80,250

   Balance at December 31                     42,000         =========

Common stock

   Balance at January 1                      150,000

   Shares issued                              50,000

   Balance at December 31                    200,000

Paid-in capital

   Balance at January 1                      300,000

   Common stock issued                       100,000

   Balance at December 31                    400,000

Total equity                              $  783,750

                                          ==========

Disclosure of reclassification amount:\b/

Unrealized holding gains arising during   $   13,000

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