Current Attempt in ProgressMajor Communications Ltd$.,$ a publicly traded company that specializes in data capture, has been in operation for several years. On October $1,2019,$ it had $10$ million common shares authorized and $1,400,000$ shares issued at an average value of $$33$ per share. As well, there were $1$ million preferred shares authorized, with $220,000$ of them issued at $$14$ per share. During the fiscal year ended September $30,2020,$ the company generated net income after taxes of $$25,030,000$ and other comprehensive loss of $$5,000,000.$ On October $1,2019,$ the balance in Retained Earnings was $$19,370,000$ and the balance in Accumulated Other Comprehensive Income was $$950,000.$ The preferred shares pay an annual dividend of $$1\mathrm{.}30.$ During the fiscal year $2020,$ the following transactions affected shareholders' equity:$1.$ On November $1,2019,440,000$ new common shares were issued at $$35$ per share$\mathrm{.}2.$ On March $15,2020,$ a $5\%$ common stock dividend on the outstanding shares was declared and distributed when the market price was $$41$ per share$\mathrm{.}3.$ On September $1,2020,$ a dividend of $$5\mathrm{.}10$ per common share was declared. The date of record was September $15,2020,$ with the date of payment being October $5,2020\mathrm{.}4.$ The preferred dividenQuestion $1$ of $9$

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Current Attempt in Progress

Major Communications Ltd$.,$ a publicly traded company that specializes in data capture, has been in operation for several years. On October $1,2019,$ it had $10$ million common shares authorized and $1,400,000$ shares issued at an average value of $$33$ per share. As well, there were $1$ million preferred shares authorized, with $220,000$ of them issued at $$14$ per share. During the fiscal year ended September $30,2020,$ the company generated net income after taxes of $$25,030,000$ and other comprehensive loss of $$5,000,000.$ On October $1,2019,$ the balance in Retained Earnings was $$19,370,000$ and the balance in Accumulated Other Comprehensive Income was $$950,000.$ The preferred shares pay an annual dividend of $$1\mathrm{.}30.$ During the fiscal year $2020,$ the following transactions affected shareholders' equity:

On November $1,2019,440,000$ new common shares were issued at $$35$ per share.

On March $15,2020,$ a $5\%$ common stock dividend on the outstanding shares was declared and distributed when the market price was $$41$ per share.

On September $1,2020,$ a dividend of $$5\mathrm{.}10$ per common share was declared. The date of record was September $15,2020,$ with the date of payment being October $5,2020.$

The preferred dividend for the year was declared and paid.

Prepare the statement of changes in shareholders' equity as at September $30,2020.($If an amount reduces the account balance then enter with negative sign, e$.$g$.-15,000$ or in parenthesis, e$.$g$.(15,000).)$

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Question $1$ of $9$

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d for the year was declared and paid.