Peterson Corporation reported the following information related to the year ended July 31, 2014: 
Instructions
Prepare Peterson's statement of comprehensive income, statement of changes in shareholders' equity, and the shareholders' equity section of Peterson's balance sheet at July 31, 2014. Ignore tax effects.
Definitions:
Business Unionism
A union model focused on negotiating labor contracts pertaining to wages, benefits, and working conditions, rather than broader societal or political goals.
Collective Bargaining
The process by which labor unions and employers negotiate contracts regarding wages, hours, benefits, and working conditions on behalf of employees.
Political Activism
The collective actions or endeavors to promote, impede, direct, or intervene in social, political, economic, or environmental reform with the desire to make changes in society.
Employee Ownership
A business structure where employees have an ownership stake in the company, often through stock options or shares.
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