Financial Reporting Problem BYP13-1 The shareholders' equity section for Corus Entertain- ment Inc. is shown in the consolidated balance sheet in Appendix A. You will also find data related to this problem in the notes to the financial statements. Instructions (a) How many classes of shares does Corus have? For each class of shares, specify how many shares are authorized and issued at August 31, 2014. (Hint: Refer to Note 15.) (b) Refer to Note 15 again. What are the rights of each class of shares? (c) Did Corus issue any additional shares in fiscal 2014? If so, specify how many were issued, for what dollar amount, and for what purpose. (d) What was the average per share amount of each class of Corus's shares at the end of fiscal 2014? (e) Did Corus declare any cash dividends in fiscal 2014? If yes, how much? (f) Corus's return on equity was calculated for fiscal 2014 in Illus- tration 13-8. Calculate the company's return on equity for fiscal 2013. Did this ratio improve or worsen from 2013 to 2014? Financial Reporting Problem BYP13-1 The shareholders' equity section for Corus Entertain- ment Inc. is shown in the consolidated balance sheet in Appendix A. You will also find data related to this problem in the notes to the financial statements. Instructions (a) How many classes of shares does Corus have? For each class of shares, specify how many shares are authorized and issued at August 31, 2014. (Hint: Refer to Note 15.) (b) Refer to Note 15 again. What are the rights of each class of shares? (c) Did Corus issue any additional shares in fiscal 2014? If so, specify how many were issued, for what dollar amount, and for what purpose. (d) What was the average per share amount of each class of Corus's shares at the end of fiscal 2014? (e) Did Corus declare any cash dividends in fiscal 2014? If yes, how much? (f) Corus's return on equity was calculated for fiscal 2014 in Illus- tration 13-8. Calculate the company's return on equity for fiscal 2013. Did this ratio improve or worsen from 2013 to 2014