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Contributed capital: Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2020 Preferred shares, $3 non-cumulative; unlimited shares authorized, A shares issued and
Contributed capital: Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2020 Preferred shares, $3 non-cumulative; unlimited shares authorized, A shares issued and outstanding Common shares, unlimited shares authorized, 319,000 shares issued and outstanding Total contributed capital Book Deficit Total equity rint rences Other information: $ 417,600 8 C D $3,102,600 All of the shares were issued during the first year of operations (year ended October 31, 2019). .The common shares were issued for an average price of $9 per share. . The preferred shares were issued for an average price of $17.4 per share. Retained Earnings at October 31, 2019, was $378,000. No dividends had been paid for the year ended October 31, 2020. Required: B Look 1. Calculate A. umber of Preferred shares 23,966 2. Calculate B. rint ences Common shares $ 2,871,000 3. Calculate C Total contributed capital $ 3,706,200 B 4. Calculate D. Defior $ 3,419,100 ook rint 5. Calculate Profit/Loss for the year ended October 31, 2020. ences Loss They 6. Assume cash dividends of $114,000 were paid during the year ended October 31, 2019. Calculate the total dividends actually paid during the year ended October 31, 2019, to the: a. Preferred shareholders b. Common shareholders Total Dividgrids 7. Referring to your answers in Part 6 above, calculate the dividends per share actually received by the: (Round your final answers to 2 decimal places.) a. Preferred shareholders b. Common shareholders Dividends per Share POD
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