Having not paid any dividends for the previous three years, Yorkton Enterprises Corporation's board declared a $$156,550$ cash dividend at the year$-$end December $31,2021.$ Cumulative preferred shares are entitled to a $$2$ dividend, and there are $5,100$ shares issued and outstanding. The company had $9,100$ common shares outstanding at the start of $2021.$ On March $1,$ the company sold an additional $2,000$ common shares. On May $1,$ they retired $3,000$ shares., and on September $1,$ the company's board declared a $2-$for$-1$ stock split. Assume the company has sufficient Retained Earnings to pay out all dividends. Yorkton Enterprises Corporation has net income for the year of $$290,000.$

REQUIRED:

Calculate the dividends paid to both common and preferred shareholders. $(5$ marks$)$

Calculate the weighted number of common shares outstanding and the Earnings Per Share for $2021.(7$ marks$)$

VUR Industries Inc. originally issued its $3,800$ common shares at $$29$ per share and all are outstanding as of February $1,2023.$

REQUIRED:

Prepare general Journal entries for the following:

Feb $1,2023-$ Purchased and retired $161$ common shares at $$\frac{24}{?}$ share. $(3$ marks$)$

Oct $1,2023-$ Purchased and retired $374$ common shares at $$\frac{43}{?}$ share. $(4$ marks$)$