6. Based on the following financial statement information and the events occurring during the following year, complete the requirements below. (6 marks) XYZ INC. Equity Section of the Balance Sheet December 31, 2017 During 2018, XYZ: a) (January): Issued 10,000 common shares at an average price of $5.50 b) (April): Issued 4,000 preferred shares for a total of $30,000 c) (October): Paid a total of $22,000 in dividends, split between the preferred and common shareholders. d) (December): recorded a net loss of $12,000. Required: 1. Calculate the total amount of dividends paid to the preferred shareholders during 2018. (1 mark) 2. Calculate the total amount of dividends paid to the common shareholders during 2018. (1 mark) 3. Calculate the Contributed Capital value of the Preferred Shares (Dec 31/18). (1 mark) 4. Calculate the Contributed Capital value of the Common Shares (Dec 31/18). (1 mark) 5. Calculate the ending value of the Retained Earnings account (Dec 31/18). (1 mark) 6. Calculate the total value of Shareholders' Equity (Dec 31/18). (1 mark) 6. Based on the following financial statement information and the events occurring during the following year, complete the requirements below. (6 marks) XYZ INC. Equity Section of the Balance Sheet December 31, 2017 During 2018, XYZ: a) (January): Issued 10,000 common shares at an average price of $5.50 b) (April): Issued 4,000 preferred shares for a total of $30,000 c) (October): Paid a total of $22,000 in dividends, split between the preferred and common shareholders. d) (December): recorded a net loss of $12,000. Required: 1. Calculate the total amount of dividends paid to the preferred shareholders during 2018. (1 mark) 2. Calculate the total amount of dividends paid to the common shareholders during 2018. (1 mark) 3. Calculate the Contributed Capital value of the Preferred Shares (Dec 31/18). (1 mark) 4. Calculate the Contributed Capital value of the Common Shares (Dec 31/18). (1 mark) 5. Calculate the ending value of the Retained Earnings account (Dec 31/18). (1 mark) 6. Calculate the total value of Shareholders' Equity (Dec 31/18). (1 mark)