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half an hour please Question 5 [5 points) Barton Corporation showed the following equity information as at December 31, 2014 a The preferred shares had
half an hour please
Question 5 [5 points) Barton Corporation showed the following equity information as at December 31, 2014 a The preferred shares had sold for an average price of $17 b. The common shares had sold for an average price of $8. c. Retained Earnings at December 31, 2013, was $150,000. During 2014, net income earned was $250,000. The board of directors declared a total cash dividend of $115,000 Use this information to complete the equity section of the balance sheet. Barton Corporation Equity Sedion of the Balance Sheet December 31, 2014 Contributed capital Preferred shares, $250 non cumulative, 300,000 shares authorize shares issued and outstanding Common shares, unlimited shares authorized, 175,000 shares issued and outstanding Total contributed capital Retained earnings Total equity 4,745,000
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