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 1,490,000 shares issued at an average value of $28 per share. As well, there were 1 million preferred shares authorized, with 220,000 of them issued at $14 per share. During the fiscal year ended September 30, 2020, the company generated net income after taxes of $22,800 000 and other comprehensive loss of $5,410,000, On October 1, 2019, the balance in Retained Earnings w. $20,440,000 and the balance in Accumulated Other Comprehensive Income was $980,000. The preferred shares pay an anu dividend of $1.20. During the fiscal year 2020, the following transactions affected shareholders' equity: 1. 2. On November 1, 2019,390,000 new common sharshere issued at $30 per share. On March 15, 2020, a 5% common stock dividence outstanding shares was declared and distributed when the market price was $47 per share. On September 1, 2020, a dividend of $5.30 per com ion 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. 3. 4. Question 1 of 7 -/18 Prepare the statement of changes in shareholders equity as at September 30, 2020. (If an amount reduces the account balance then enter with negative sign, e.g. - 15,000 or in parenthesis, e.g. (15,000).) Major Com Statement of Chang Year Ended Number of preferred shares Number of common shares Common shares Oct. 1. 2019 $ Common shares issued Stock dividend - common shares Common cash dividends Preferred cash dividend Net income Other comprehensive loss Sept. 30,2020 $ e Textbook and Media List of Accounts MacBook Air Question 1 of 7 -/18 Prepare the statement of changes in shareholders equity as at September 30, 2020. (If an amount reduces the account balance then enter with negative sign, e.g. - 15,000 or in parenthesis, e.g. (15,000).) tations Ltd. Shareholders'Equity hber 30, 2020 Preferred shares Retained earnings Accumulated other comprehensive income Total $ $ $ $ $ e Textbook and Media List of Accounts MacBook Air Chapter 11 Assignment Question 1 of 7 - / 18 Prepare the shareholders' equity section of the statement of financial position as at September 30.2020. (Enter negative answers using either a negative sign preceding the number e.g.-5.125 or parentheses es. (5.125) Major Communications Ltd. Shareholders' Equity September 30, 2020 $ $ e Textbook and Media List of Accounts Attempts:0 of 3 usele submit Arawer Save for Later MacBook Air