Answer a, b, c, d, e, f

Byme Corporation had the following accounts at January 1, 2008: common shares, no par value, unlimited number of shares authorized, 4,000 shares issued, $150,000; preferred shares, $8 cumulative, no par value, unlimited number of shares authorized, 1,000 shares issued, $50,000; retained earnings, $43,000; and accumulated other comprehensive income $4,200. During the year, the company paid the preferred dividend and paid a $0.50 dividend to the common shareholders. The company had net income of $79,000 and other comprehensive income of $2,500 in 2008. Using the above information on Byrne Corporation calculate the following totals a) Preferred dividend paid to shareholders: b) Common dividend paid to shareholders c) Value of Preferred Shares to be recorded on Shareholder's Equity Statement Dec 31 2008) d) Value of Common Shares to be recorded on Shareholder's Equity Statement (Dec 31 2008) e) Retained Earnings amount to be recorded on Shareholders Equity Statement (Dec 31 2008) f) Total Shareholder's Equity on Dec 31 2008