Carson Ltd, a publicly traded company, is authorized to issue 200,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2015, the general ledger contained the following shareholders' equity accounts:

Preferred shares (8,000 shares issued)	$ 440,000
Common shares (70,000 shares issued)	1,050,000
Additional contributed capital	25,000
Retained earnings	800,000
Accumulated other comprehensive income	10,000

The following equity transactions occurred in 2015:

Feb.	6	Issued 10,000 preferred shares for $600,000.
Apr.	6	Issued 20,000 common shares for $560,000.
May	29	Declared a semi-annual cash dividend to the preferred shareholders of record at June 12, payable July 1 (Hint: the semi-annual dividend would be half of the annual dividend).
Aug.	22	Issued 5,000 common shares in exchange for a building. At the time of the exchange, the building was valued at $165,000 and the common shares at $150,000.
Dec.	15	The board decided there were insufficient funds to declare the semi-annual dividend to the preferred shareholders.
	31	Profit for the year was $582,000.

The total amount of common shares issued as at December 31, 2015 is: None of the presented choices $1,610,000 $1,760,000 $1,050,000 $1,775,000 The total amount of preferred shares issued as at December 31, 2015 is: $1,840,000 $800,000 $1,040,000 $440,000 None of the presented choices The total amount of cash dividends declared to the preferred shareholders in the year of 2015 is: $32,000 None of the presented choices $72,000 $36,000 $16,000 The amount of retained earnings reported on the financial statement of position as at December 31, 2015 is: $1,350,000 $800,000 $1,346,000 $1,382,000 None of the presented choices