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On January 1, 2020, Bramble Ltd. (a public company) had the following shareholders' equity accounts: 0 $ 4.980,000 Preferred shares. $4 non-cumulative, unlimited number authorized,

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On January 1, 2020, Bramble Ltd. (a public company) had the following shareholders' equity accounts: 0 $ 4.980,000 Preferred shares. $4 non-cumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 830,000 issued Retained earnings Accumulated other comprehensive income 1,528,000 152,000 The following selected transactions occurred during 2020: Jan. 2 Mar. 5 Apr. 18 June 5 Issued 80,000 preferred shares at $100 per share. Declared the quarterly cash dividend to preferred shareholders of record on March 20. payable April 1. Issued 170,000 common shares at $9 per share. Declared the quarterly cash dividend to preferred shareholders of record on June 20. payable July 1. Declared the quarterly cash dividend to preferred shareholders of record on September 20. payable October 1. Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1 Net income for the year was $430,000. Sept. 5 Dec. 5 Dec 31 Enter beginning balances and post the entries to the shareholders' equity and dividends Taccounts and arrive at the ending balances. (Post entries in the order of journal entries presented in the previous part.) Preferred Shares Dec. 31 8000000 Jan 2 8000000 8000000 8000000 Common Shares Dec. 31 6340000 Jan. 1 4980000 April 18 : 1360000 6340000 6340000 Retained Earnings Dec. 31 Jan Retained Earnings Dec. 31 Jan. 1 Dec. 31 Dec 31 Dec. 31 Accumulated Other Comprehensive Income Dividends Accumulated Other Comprehensive Income Dividends Prepare the statement of changes in shareholders' equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Bramble Ltd. Statement of Changes in Shareholders' Equity December 31, 2020 Preferred Shares Common Shares Number of Shares Share Capital Number of Shares Balance Jan 1, 2020 4980000 0 Issued preferred shares 8000000 Issued common shares Declared dividends Net earnings Balance, December 31, 2020 4980000 8000000 Prepare the statement of changes in shareholders' equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) hare Capital Retained Earnings Accumulated Other Comprehensive Income Total $ $ Prepare the shareholders' equity section of the SFP at December 31. Bramble Ltd. Statement of Financial Position (Partial) $ $ Prepare the financing activities section of the statement of cash flows for the year ended December 31. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Bramble Ltd. Cash Flow Statement (Partial) December 31, 2020 Financing activities: Cash used in financing activities $

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