2. Mountain 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 fo 2a. Record the issuance of the Class A common shares. Use the Mountain Inc. account titles. (Record debits first, then credits. Exclude explanations from any journal entries. If a box is not used in enter a zero.) W Date Accounts Date Debit 2b. Record the issuance of the Class B common shares. Use the Mountain Inc. account titles. (Record debits first, then credits. Exclude explanations from any journal entries. If a box is not used in the enter a zero.) Accounts Credit Debit Credit 2c. How much of Mountain 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 suce 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 shareholder 2d. Write a sentence to describe what Mountain Inc.'s shareholders' equity balance means The total of Mountain's shareholders' equity indicates that the have a claim to $ of the company's

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