Brief Exercise 1-10 Blossom Limited began the year with common shares of $100,000 and retained earnings of $400,000. During the year, t u 0.000, and declared dividends of $15,000 r n $40,000 of common shares, reported Calculate the ending balances of (1) common shares, (2) retained earnings, and (3) total shareholders' equity Ending Balance Common shares Retained earnings Total shareholders' equity What would be the change in the answers calculated in the above part if the company had reported a loss of $60,000 rather than het come and not declared any dividends Ending Balance Common shares Retained earnings Total shareholders' equity