Major Communications Ltd, a publicly traded company that specializes in data capture has been in operation for several years. On October 1, 2019, it had 10 million common shares authorized and 1,360,000 shares issued at an average value of $27 per share. As well, there were 1 million preferred shares authorized, with 190,000 of them issued at $15 per share. During the fiscal year ended September 30, 2020, the company generated net income after taxes of $22.570,000 and other comprehensive lots of $4.970,000 On October 1, 2019. the balance in Retained Earnings was $18.760,000 and the balance in Accumulated Other Comprehensive Income was $1.040,000. The preferred shares pay an annual dividend of $1.30. During the fiscal year 2020, the following transactions affected shareholders equity: 1 On November 1, 2019, 370,000 new common shares were issued at $29 per share. 2 On March 15, 2020. a 5% common stock dividend on the outstanding shares was declared and distributed when the market price was $45 per share. 3 On September 1, 2020, a dividend of $5.30 per common share was declared. The date of record was September 15, 2020, with the date of payment being October 5, 2020. The preferred dividend for the year was declared and paid Prepare the statement of changes in shareholders equity as at September 30, 2020. Ofan amount reduces the account balance then enter with negative sign, eg.-15,000 or in parenthesis,es (15.000 Major Statement of CI Year End Number of preferred shares Number of common shares Common shares $ 1.360000 10,000 Oct 1, 2019 270.000 Common shares issued Stock dividend -common shares Common cash dividends Preferred cash dividend Net income Other comprehensive los Seot 30/2020 W V / 18 Question 1 of 7 Common cash dividende Preferred cash dividend Net income Other comprehensive loss Sept. 30, 2020 e Textbook and Media List of Accounts Prepare the shareholders equity section of the statement of financial position as at September 30, 2020 (Eternative usingelther a negative spreceding the number -5.125 or parentheses 5.1250) Major Communications Ltd. Shareholders' Equity September 30, 2020 Textbook and Media Lot of Account BIV A w Major Communications Ltd, a publicly traded company that specializes in data capture has been in operation for several years. On October 1, 2019, it had 10 million common shares authorized and 1,360,000 shares issued at an average value of $27 per share. As well, there were 1 million preferred shares authorized, with 190,000 of them issued at $15 per share. During the fiscal year ended September 30, 2020, the company generated net income after taxes of $22.570,000 and other comprehensive lots of $4.970,000 On October 1, 2019. the balance in Retained Earnings was $18.760,000 and the balance in Accumulated Other Comprehensive Income was $1.040,000. The preferred shares pay an annual dividend of $1.30. During the fiscal year 2020, the following transactions affected shareholders equity: 1 On November 1, 2019, 370,000 new common shares were issued at $29 per share. 2 On March 15, 2020. a 5% common stock dividend on the outstanding shares was declared and distributed when the market price was $45 per share. 3 On September 1, 2020, a dividend of $5.30 per common share was declared. The date of record was September 15, 2020, with the date of payment being October 5, 2020. The preferred dividend for the year was declared and paid Prepare the statement of changes in shareholders equity as at September 30, 2020. Ofan amount reduces the account balance then enter with negative sign, eg.-15,000 or in parenthesis,es (15.000 Major Statement of CI Year End Number of preferred shares Number of common shares Common shares $ 1.360000 10,000 Oct 1, 2019 270.000 Common shares issued Stock dividend -common shares Common cash dividends Preferred cash dividend Net income Other comprehensive los Seot 30/2020 W V / 18 Question 1 of 7 Common cash dividende Preferred cash dividend Net income Other comprehensive loss Sept. 30, 2020 e Textbook and Media List of Accounts Prepare the shareholders equity section of the statement of financial position as at September 30, 2020 (Eternative usingelther a negative spreceding the number -5.125 or parentheses 5.1250) Major Communications Ltd. Shareholders' Equity September 30, 2020 Textbook and Media Lot of Account BIV A w