Eastwood Inc. had the following shares authorized in its articles of incorporation and issued on December 31, 2015:

?		100,000 preferred shares, no par, $4 semi-annual dividend, non-voting, redeemable at $103, none issued
?		Unlimited number of common shares authorized, 450,000 shares issued for $4,005,000

On December 31, 2015, the company had the following balances in other equity accounts:

Retained Earnings		$5,389,000
Accumulated Other Comprehensive Income		$379,000

During 2016, the following events occurred:

1.		On January 2, Eastwood decided to raise more capital and issued 32,000 preferred shares for $100 per share.
2.		The company declared and paid the dividend on the preferred shares for the first half of the year.
3.		The company declared and distributed a 5% common stock dividend when the market price of the common shares was $45 per share.
4.		In November, the share price of the common shares had risen to $99 per share, so the board of directors voted to split the shares five-for-one.
5.		Late in December, the company declared and paid the dividend on the preferred shares for the second half of the year and declared a cash dividend on the common shares of $0.60 per share payable in early January 2016. In past years, the dividend had generally been about $2.40 per share.
6.		The company earned a net income of $714,200 for 2015 and reported other comprehensive income of $83,200.

Questions:

1) Use a spreadsheet or table format like the one in the first practice problem to track all of the changes in the shareholders equity accounts in 2016.

2) Prepare the shareholders equity section of the statement of financial position as at the end of 2016.

Dat Sh Dec 31, 2015 1. issued preferred shares 2. preferred share dividend 3. 5% stock dividend on common shares 4. 5-for-1 stock split, common shares 5 Preferred dividends 5. Common dividends 6. Net income 6. Other comp-rehensive income Dec. 31, 2016 prepare the statement of changes in sharehold he tab Number of Sh Dec 31, 2015 Shares issued Stock dividend on common shares Stock split of common shares Dividends declared Net income Other comp rehensive income Dec 31, 2016 Retained Common Preferred Shares Preferred Sh Earnings Account Sh Account Account equity for 2 (If an amount reduce nce then enter with negative sign, e.g. -15,000 or th t b Eastwood Inc. Statement of Changes in Shareholders' Equity For the year ended December 31, 2016 Number of Preferred Preferred Common Shares Sh Sh Earnings Accumulated other comprehensive th g. (15,000).) Accumulated other Comprehensive Tota