convertible preferred shares

ml com share cash dividends on the outstanding common shares. On October 14, 2018, 19,200 shares were issued. Required Under the assumption that there were no transactions affecting retained earnings other the ones given, determine the 2018 profit (Loss) of Fab-Form Industries Inc. Show your calculations Problem 12-3A Convertible preferred shares L04,5 Walking Bear Resources Inc. Equity Section of the Balance Sheet March 31, 2017 $ 600,000 Contributed capital: Preferred shares, $17 cumulative, 2,500 shares authorized, issued, and outstanding....... Common shares, unlimited shares authorized, 40.000 shares issued and outstanding............... Total contributed capital............................. Retained earnings................................... Total equity ............................. .... 960,000 $1,560,000 462,000 $2,022,000 Required Refer to the equity section above. Assume that the preferred are convertible into common at rate of eight common shares for each share of preferred. If 1,000 shares of the preferred are converted into common on April 1, 2010, prepare the entry and describe how this affects the equity section of the balance sheet (immediately after the conversion). Analysis Component: If you are a common shareholder in this company, and the company plans to per total cash dividends of $720,000, does it make any difference to you whether the conversion takes plan before the dividend declaration? Why? Problem 12-4A Analyzing equity, dividend allocation L02,5 Use the information provided below to answer the following questions