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5 points QUESTION 9 Tantramar Corporation has the following shareholders equity on July 31, 2020: Shareholders' equity Share capital $10 preferred shares, cumulative 10,000 shares

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5 points QUESTION 9 Tantramar Corporation has the following shareholders equity on July 31, 2020: Shareholders' equity Share capital $10 preferred shares, cumulative 10,000 shares authorized. 5.000 shares issued $2,000,000 Common shares 600,000 shares authorized, 10,000 shares issued 300.000 Total share capital 2,300,000 Retained earnings 500.000 Total shareholdersequity $2.800.000 Assume that on June 15, 2021. Tantramar paid the preferred dividend for the current year (there were no dividends in arrears) and paid a dividend of 2 to each common shareholder. The company earned 545,000 in profit during 2021. The July 31, 2021 financial statements will show an ending balance in retained earnings of O $545,000 O 5430.000. O $475,000 O $500,000

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