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Ignoring parts 1, 2 & 3, on January 1, 2022, Dunder Mifflin Corp, a publicly traded company, had these shareholders equity accounts: Common shares (Unlimited

Ignoring parts 1, 2 & 3, on January 1, 2022, Dunder Mifflin Corp, a publicly traded company, had these shareholders equity accounts:

Common shares (Unlimited number of shares authorized, 60,000 issued) $600,000

Contributed surplus $30,000

Retained earnings $1,200,000

On February 1 the company declared a $1 per share cash dividend to common shareholders. The stocks market price was $30.00. February 15th is the date of record and March 1st is the date of payment. On February 15th the stocks market price was $31.00 and on March 1'st the stocks market price was $32.00.

Calculate the balance in number of common shares, dollars of common shares, dollars of contributed surplus and dollars of retained earnings after the above transaction at March 1 st , 2022.

January 1, 2022 march 1, 2022
number of common shares 60,000
common shares 600,000
contributed surplus 30,000
retained earnings 1,200,000

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