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Integrity Matters Corporation has the following information for the year ended December 31,2022. There were no other share transactions after September 30, 2012 except for
Integrity Matters Corporation has the following information for the year ended December 31,2022. There were no other share transactions after September 30, 2012 except for the following: - Reacquired 5,000 ordinary shares on October 2 at P9/share and sold 2,000 of these shares on October 31 at P12. - On December 1 , the firm declared 20% share dividend for all outstanding preference and ordinary shares when the market values of the shares were: Preference, P25; ordinary, P16. - Declared P3/share cash dividend for all shareholders on December 15. - Recorded the net income for P1,200,000 and appropriation for the cost of treasury share on December 31,2022. REQUIRED: On your Excel worksheet, Sheet 1: Prepare the Statement of Changes in Shareholders' Equity of Integrity Matters Corporation for the year ended December 31,2022. Sheet 2: Show supporting computation for the determination of outstanding number of shares
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