1. Decide whether each of the following statements is true or false. (Click the icon to view the statements.) 2. Laser Inc., an auto parts manufacturer, has two classes of common shares. Class A shares are entitled to one vote, whereas Class B shares are entitled to 100 votes. The two classes rank equally for dividends. The following is extracted from a recent annual report. (Click the icon to view the shareholders' equity report.) 2a. Record the issuance of the Class A common shares. Use the Laser Inc. account titles. (Record debits first, then credits. Exclude explanations from any journal entries. If a box is not used in the journal entry, leave the box empty; do not select a label or enter a zero.) 2b. Record the issuance of the Class B common shares. Use the Laser Inc. account titles. (Record debits first, then credits. Exclude explanations from any journal entries. If a box is not used in the journal entry, leave the box empty; do not select a label or enter a zero.) 2c. How much of Laser Inc.'s shareholders' equity was contributed by the shareholders? How much was provided by profitable operations? Does this division of equity suggest that the company has been successful? Why or why not? The shareholders contributed $ to shareholders' equity and $ was provided by profitable operations. This division suggests that the company been successful because almost all of 2c. How much of Laser Inc.'s shareholders' equity was contributed by the shareholders? How much was provided by profitable operations? Does this division of equity suggest that the company has been successful? Why or why not? The shareholders contributed \$ to shareholders' equity and \$ was provided by profitable operations. This division suggests that the company been successful because almost all of its shareholders' equity has come from 2d. Write a sentence to describe what Laser Inc.'s shareholders' equity balance means. The total of Laser's shareholders' equity indicates that the have a claim to $ of the company's Shareholders' Equity Report