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Contributed surplus Retained earnings $30,000$1,200,000 On February 1 the company declared a $1 per share cash dividend to common shareholders. The stock's market price was
Contributed surplus Retained earnings $30,000$1,200,000 On February 1 the company declared a $1 per share cash dividend to common shareholders. The stock's market price was $30.00. February 15th is the date of record and March 1st is the date of payment. On February 15th the stock's market price was $31.00 and on March 1st the stock's market price was $32.00. Calculate the balance in number of common shares, dollars of common shares, dollars of contributed surplus and dollars of retained earnings after the above transaction at March 1't, 2022
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