$200,000 $500,000 Assume the following January 1, 2017 information: 5,000 Preferred Shares (issued and outstanding). 100,000 Common Shares (issued and outstanding). Retained Earnings..... $300 000 During the year, 2,500 preferred shares were issued at $42 each, and 30,000 common shares were issued at $6 each. Profit was $125,000 Cash dividends of $75,000 were declared. Required: Using the tables below: 1.Prepare a statement of Changes in Equity for the year ended December 31, 2017 2. Calculate what the average issue price is at year-end for the preferred shares? 3. Calculate what the average issue price is at year-end for the common shares? X " - B 1 SX x ili 1 3 e @ FA Q Required 1: Prepare a statement of Changes in Equity for the year ended December 31, 2017 Required 2: What is the average issue price at year-end for the preferred shares? Show your work below if you would like Final Answer (two decimal places) Required 3: What is the average Issue price at year-end for the common shares? ) ENG 2:12 PM 2021-02-2 acer Required 2: What is the average issue price at year-end for the preferred shares? Show your work below if you would like Final Answer (two decimal places) Required 3: What is the average issue price at year-end for the common shares? Show your work below if you would like Final Answer (two decimal places)