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Final Exam 3 Saved White Pear Inc., an organic soap manufacturer, showed the following equity information as at December 31, 2020: White Pear Inc. Equity
Final Exam 3 Saved White Pear Inc., an organic soap manufacturer, showed the following equity information as at December 31, 2020: White Pear Inc. Equity Section of the Balance Sheet December 31, 2020 Contributed capital: Preferred shares, $3.60 non-cumulative; 100,000 shares authorized 68,000 shares issued and outstanding Common shares; unlimited shares authorized; ? shares issued and outstanding Total contributed capital Retained earnings Total equity ? ? $4,874,500 ? Other information: a. The preferred shares had sold for an average price of $29.00. b. The common shares had sold for an average price of $13.50. c. Retained Earnings at December 31, 2019, was $185,000. During 2020, profit earned was $1,658,000. The board of directors declared a total cash dividend of $505,000. Required: Calculate the missing figures. WHITE PEAR INC. Equity Section of the Balance Sheet December 31, 2020 Contributed capital: Preferred shares, $3.60 non-cumulative; 100,000 shares authorized 68,000 shares issued and outstanding Common shares; unlimited shares authorized; ook Required: Calculate the missing figures. WHITE PEAR INC. Equity Section of the Balance Sheet Contributed capital: December 31, 2020 Preferred shares, $3.60 non-cumulative; 100,000 shares authorized 68,000 shares issued and outstanding Common shares; unlimited shares authorized; shares issued and outstanding Total contributed capital Retained earnings Total equity e to search O E $ 4,874,500 Prev 1 of 10 amazon Next > 0 W 30C Most 12
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