M13 In class worksheet Bento Inc begins operations on January 2, 2022. On that date they Issue 6,000 shares of $1 par vaue common stock for $8,000. DR: CR: CR: On January 3, 2022, Bento issues 100 shares of $30 par value 2% cumulative preferred stock for $3,500. DR: CR: CR: On June 30, 2022, Bento issues 50 shares of $40 par value 4% non cumulative preferred stock for $2.100 DR: CR: CR: In 2022, Bento earned net income of $15,000 and paid no dividends. Prepare the Statement of Shareholders' Equity as of December 31, 2022 M13 Wortsheet 1 Equity In 2022, Bento earns $120,000 of Net Income. On December 1, 2023, Bento declares a $1,000 cash dividend to be paid to shareholders of record as of December 15, 2023. The dividend will be paid on December 30, 2022 How much of the dividend is paid to preferred shareholders? How much of the dividend is paid to common shareholders? Prepare the journal entry for December 1, 2022 Prepare the journal entry for December 15, 2023 Prepare the journal entry for December 30, 2023 What is beginning retained earnings? What is ending retained earnings? Prepare the Statement of Shareholders' Equity as of December 31, 2023 M13 Worksheet 1 Equlty In 2024, Bento eams $90,000 of Net Income. On February 28, 2024, Bento issues $10,000 shares of $1 par value common stock for $17,000 cash. Prepare the journal entry to record the Issuance of stock On November 25, 2024, Bento declares a $40,000 cash dividend to be paid to shareholders of record as of November 30, 2024. The dividend will be paid on December 30, 2024 How much of the dividend is paid to preferred shareholders? How much of the dividend is paid to common shareholders? Prepare the journal entry for November 25, 2024 Prepare the journal entry for November 30, 2024 Prepare the journal entry for December 30, 2024 Prepare the journal entry for December 30, 2024 What is beginning retained earnings? What is ending retained earnings? Prepare the Statement of Shareholders' Equity as of December 31, 2024