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) 3. 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: 1) Feb 1, 2023 - Purchased and retired 161 common shares at $24/ share. (3 marks) 2) Oct 1, 2023 - Purchased and retired 374 common shares at $43/ share. ( 4 marks) End of Assignment