ABC Corporation provided the following information on Dec 31, 2018 Retained Earning at Dec 31 2017 $165,700 Common shares unlimited authorized 150,000 common shares issued and outstanding $750,000 Preferred Shares ,$2, 200,000 authorized , 20000 issued and outstanding $260,000 Sales less COGS $83,300 Operating expenses $13,300 Common shares Dividend $0 25 Preferred share dividend is also paid during the year Required 1 Calculate the Retained Earning on December 31, 2018 using a T Account 2 Give an extract of the equity portion of the Balance sheet for Dec 31, 2018 lour the tractions Question 2 ABC Corporation provided the following information on Dec 31, 2018 $165,700 Retained Fanning at Dec 31 2017 Common shares limited authorted 150,000 common shares issued and outstanding $750,000 $260,000 Preferred Shares 52,200,000 authorized, 20000 Issued and outstanding Sales less COGS $3 500 Operating expenses Common shares Dividend $13 00 50 25 Preferred share dividend is also paid during the year Required 1 Calculate the Retained Fanning on December 31, 2018 using a T Account 2 Give an extract of the equity portion of the balance sheet for Dec 31, 2011

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ABC Corporation provided the following information on Dec 31, 2018 Retained Earning at Dec 31 2017 $165,700 Common shares unlimited authorized; 150,000 common shares issued

ABC Corporation provided the following information on Dec 31, 2018

Retained Earning at Dec 31 2017 $165,700

Common shares unlimited authorized; 150,000 common shares issued and outstanding $750,000

Preferred Shares ,$2, 200,000 authorized , 20000 issued and outstanding $260,000

Sales less COGS $83,300

Operating expenses $13,300

Common shares Dividend $0.25

Preferred share dividend is also paid during the year

Required 1. Calculate the Retained Earning on December 31, 2018 using a T-Account 2. Give an extract of the equity portion of the Balance sheet for Dec 31, 2018

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lour the tractions Question 2 ABC Corporation provided the following information on Dec 31, 2018 $165,700 Retained Fanning at Dec 31 2017 Common shares limited authorted: 150,000 common shares issued and outstanding $750,000 $260,000 Preferred Shares 52,200,000 authorized, 20000 Issued and outstanding Sales less COGS $3.500 Operating expenses Common shares Dividend $13.00 50.25 Preferred share dividend is also paid during the year Required 1. Calculate the Retained Fanning on December 31, 2018 using a T-Account 2 Give an extract of the equity portion of the balance sheet for Dec 31, 2011