Answer allthe questions below. Complete the questions in order, and label your work. i will upvote right away if correct

Question $1(15$ marks$)$

On May $30,$ Year $6,$ Mary Hill Corporation accepted subscriptions for $15,000$ common shares. On that date, the shares were selling for $$62$ each. Subscribers paid $40\%$ down and must pay the remainder in $6$ months. On September $30,$ Year $6,$ the balance of the subscription price was received, and the shares were issued.

Required

Prepare all journal entries related to the share subscriptions.

Question $2(15$ marks$)$

Westside Corp. issued $2,000,000$ common shares at $$9$ a share during April, Year $1.$ On September $23,$ Year $7,$ Westside Corp. repurchased $100,000$ shares for $$13$ a share. On September $23,$ Year $7,$ the Contributed Surplus account had a $78,000$ credit balance arising from a previous share repurchase. Westside Corp. is incorporated under the CBCA and, therefore, retired these shares.

Required

Prepare a journal entry to record the repurchase of the shares.

Question $3(20$ marks$)$

Respond to the accounting situations below.

Required

Complete the following with the details provided.

Broadhaven Corporation has $20,000$ outstanding $$0\mathrm{.}80,$ preferred shares with a carrying value of $$200,000,$ and $80,000$ common shares, with a carrying value of $$800,000.$ The preferred dividends are cumulative and non$-$participating. Although dividends have been paid regularly up to Year $3,$ no dividends were declared in Year $4$ or Year $5.$ On December $31,$ Year $6,$ the board of directors wants to distribute $$200,000$ in dividends. How much will the preferred shareholders receive?

On December $31,$ Year $3,$ Singular Inc. has shares outstanding that include $10,000,$ $$3\mathrm{.}00,$ no par value preferred shares, cumulative and fully participating, with a carrying value of $$250,000,$ and $60,000$ no par value common shares with a carrying value of $$1,250,000.$ Dividends were up to date as of December $31,$ Year $1,$ but no dividends have been paid since that date. The corporation now wishes to distribute $$420,000$ in dividends. How much will the preferred shareholders receive?

Question $4(20$ marks$)$

Desjardins Co$.$ started the year $2023$ with $800,000$ common shares outstanding. During $2023,$ Desjardins Co$.$ completed the following share transactions:

On May $31,$ repurchased $100,000$ shares

On July $31,$ issued $200,000$ shares

On September $1,$ two for one stock split

On October $31,$ issued $200,000$ shares

Required

Calculate the weighted average number of shares outstanding for $2023.$ Use a table like the video example provided in Module $4$ to show your calculations.

Question $5(30$ marks$)$

During $2023,$ Anderson Corp. had $250,000$ common shares outstanding for the full year. Market prices of the common shares during $2023$ were:

January $1$: $$50$

Year$$s average: $$53$

December $31$: $$55$

During $2023,$ there were:

$50,000$ outstanding stock options to buy common shares at $$38$ a share.

$$3,000,000$ of $6\%$ convertible bonds issued at par. Each $$1,000$ bond is convertible into $25$ common shares.

$25,000$ preferred shares each paying a $$3\mathrm{.}20$ dividend and each convertible to one common share.

The income tax rate is $30\%.$ The corporation reported $$1,000,000$ net income for calendar $2023.$

Required

Calculate basic and diluted earnings per share for $2023.$ Clearly indicate your answers for basic and fully diluted EPS. Show all calculations for possible partial marks. Use a table like the video example provided in Module $4.$