Red Rider Company has the following stockholders equity section on its balance sheet as of December 31, 2003 and 2002.
|
2003 |
2002 |
|
|
Stockholders Equity |
||
|
Preferred stock. |
$ 2.0 |
$ 2.0 |
|
Common stock. |
32.0 |
32.0 |
|
Paid in capital various |
12.4 |
11.2 |
|
Retained earnings. |
24.5 |
24.6 |
|
Subtotal |
$ 70.9 |
$69.8 |
|
Accumulated foreign currency translation adjustments. |
5.2 |
4.5 |
|
Net unrealized gains on investments in certain debt |
||
|
and equity securities |
25.6 |
20.0 |
|
Total stockholders equity |
$101.7 |
$94.3 |
Based on this stockholders equity section, answer the following questions:
1. At the end of 2003, what was the total amount of equity financing provided by Red Rider s investors?
2. At the end of 2003, how much of Red Rider s earnings had not been distributed to investors?
3. What is the total amount of other equity items contained in the 2003 stockholders equity section?
4. What contributed most to the increased equity from 2002 to 2003?