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Collirs Inc. has the following accounts and account activity as of 3 0 June 2 0 X 5 : 2 0 X 5 net income
Collirs Inc. has the following accounts and account activity as of June X:
X net income
Common shares no par value, unlimited authorized, issued and outstanding
Class A preferred shares authorized, issued and outstanding, $ cumulative, nonparticipating
Retained earnings, July X
Share subscriptions
Contributed capital, common share retirement
Actuarial losses on defined benefit plan
Increase in unrealized FVOCI investments
AOCIFVOCI investments, July X
AOCIActuarial losses on remeasurement, July X
Other information, not included in above accounts:
Dividends of $ were declared on June X The last time dividends were declared and paid was on June X
common shares were retired for $ per share. The average issuance price was $ per share.
Required:
Calculate the total comprehensive income for the period ended June X
Calculate the ending retained earnings.
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