2.5/5 View Policies Show Attempt History Current Attempt in Progress Major Communications Ltd. a publicly traded company that specializes in data capture has been in operation for several years. On October 1, 2019, it had 10 million common shares authorized and 1.570,000 shares issued at an average value of $33 per share. As well, there were 1 million preferred shares authorized with 220,000 of them issued at $14 per share, During the fiscal year ended September 30, 2020, the company generated net income after taxes of $24.350,000 and other comprehensive loss of $4,600,000 On October 1, 2019, the balance in Retained Earnings was $20.910,000 and the balance in Accumulated Other Comprehensive Income was $910,000. The preferred shares pay an annual dividend of $1.10. During the fiscal year 2020, the following transactions affected shareholders equity 1. 2 On November 1, 2019,390,000 new common shares were sued at $35 per share. On March 15,2020. a 5common stock dividend on the outstanding shares wis declared and distributed when the market price was $40 per share. On September 1, 2020. a dividend of $5.25 per common share was declared. The date of record was September 15, 2020, with the date of payment being October 5.2020 The preferred dividend for the year was declared and paint 3 4. (1) Macbook Air 32 + 2 3 4 5 & 7 *co 9 0 W E R T Y U L O P S D F G H J L 2 X c V B N M 2.5/5 (22) Prepare the shareholders equity section of the statement of financial position as at September 30, 2020. (Enter negative answers using elther a negative sin preceding the numberes. -5,125 or parentheses eg. (5,1251) Major Communications Ltd. Shareholders' Equity September 30, 2020 Textbook and Media Ust Accoun MacBook 30 * # 3 2 $ 4 * % 5 & 7 6 8 9 INT 0 W E R. T Y U I O s D F G H J C V BIN M 1 Major Communications Ltd Statement of Changes in Shareholders Equity Year ended September 30, 2020 No of Common shares 1.570.000 390,000 98000 Number of Accumulated other Common shares Preferred shares Preferred shares Retained Earnings Comprehensive Income Total 51,810.000 220.000 3.00.000 20.010.000 $10.000 76.710.000 18,650.000 13.650.000 4,704,000 4.704,000 0 10.804500 10.804,500 -242.000 -342.000 24,350,000 24.350.000 -4500,000 4600.000 70,164,000 220,000 3.080,000 23,500,000 -3.600,000 99,063,500 Date Oct, 2019 Common Shares Stock Dividend-Common Shares Common Cash Dividend Preferred Cash Dividend Net Income Other Comprehensive los Sept 30, 2020 10 2,058.000 14 MacBook Air