Burnley Ch11 students (1) [Protected View] Excel (Unlicensed Proc Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. NOTICE Most features are disabled because your Office product is inactive. To use for free, sign in and use the Web version. Enable Editing Activate Use free at Offi Using a spreadsheet and table format like the one in the first practice problem, track all of the changes in the sharehold D B AP11-2A (Equity transactions, financial statement preparation) G H Pharma Shop Ltd. is a mid-sized public company that had been in operation for many years. On December 31, 2023, it had an unlimited number of common shares authorized and 5.2 million shares issued at an average value of $25 per share. As well, there were 5 million preferred shares authorized, with 250,000 of them issued at $20 per share. The balance in retained earnings was $26,610,000. The balance in accumulated other comprehensive income was $525,000. The preferred shares pay an annual dividend of $2 per share. During 2024, the following transactions affected shareholders' equity: 1) In total, 200,000 new common shares were issued at $30 per share. 02) The preferred dividend for the year was declared and paid. 13) A 10% common stock dividend was declared when the market price was $33 per share. The shares were distributed one month after the declaration. 124) In early December 2024, a dividend of $1.50 per share was declared on the common shares. The date of record was December 15, 2024. 13 The dividend will be paid the following year. 145) The company earned a net income of $14,820,000 and had an other comprehensive loss of $145,000. 15 6) On December 31, 2024, the company declared a two-for-one stock split on common shares. 16 17 18 Required 19 a) Using a spreadsheet and table format like the one in the first practice problem, track all of the changes in the shareholders' equity accounts in 2024. 20 Date 21 22 Dec 31, 2023 23 1) Common shares issued 24 2) Preferred share dividends Number of Accumulated common Common shares. shares Number of preferred shares Preferred shares Retained earnings other comprehensive income Total Date 21 22 Dec 31, 2023 1) Common shares issued 23 24 2) Preferred share dividends 10% stock dividend on 3) 25 common shares 26 4) Common share dividends 27 5a) Net income for year 228 5b) Other comprehensive (loss) for year 29 30 22 6) Two-for-one stock split on common shares Dec 31, 2024 31 32 Number of common shares Accumulated Number of Common preferred shares Preferred shares Retained other Total shares earnings comprehensive income NOTICE Most features are disabled because your Office product is inactive. To use for free, sign in and use the Web version. Activate Use 19 A 42 43 44 45 B fr Using a spreadsheet and table format like the one in the first practice problem, track all of the changes in the E C H b) Prepare the statement of changes in shareholders' equity for 2024 and the shareholders' equity section of the statement of financial position as at the end of 2024. (Hint: the statement of changes in shareholders' equity will be similar to the table from part (a) but similar transactions, such as dividends, will be grouped into one line.) 47 48 49 Dec 31, 2023 Common shares issued 50 Cash dividends 51 52 15 53 Stock dividend common shares Net income SA Other comprehensive loss 55 Stock split-common shares 156 Dec 31, 2024 ST 58 59 613 Number of Accumulated Number of Common common preferred shares Preferred shares shares Retained earnings shares other comprehensive Total income AP11-2A AP11.20 Other comprehensive loss 54 Stock split-common shares. 55 56 Dec 31, 2024 57 62 66 67 68 69 70 71 72 73 74 75 76 77 79 80