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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 number of shares
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) Contributed surplus Retained earnings $600,000 $30,000 $1,200,000 On February 1 the company declared a $1 per share cash dividend to common shareholders. The stock's market price was $30.00. February 15th is the date of record and March 1st is the date of payment. On February 15th the stock's market price was $31.00 and on March 1st the stock's 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 1st,2022
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