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Pharma Shop Ltd. Is a mid-sized public company that had been in operation for many years. On Decender 31, 2015, had d number of
Pharma Shop Ltd. Is a mid-sized public company that had been in operation for many years. On Decender 31, 2015, had d number of common shares authorized and 5.2 million shares issued at an average valan of $25 per share. As well, there were 5 million preferred shares authorized, with 250,000 of them hoed at $20 per share. The balance in retained morning w $26,610,000. The balance in accumulated other compohensive income was $525,000. The preferred shares pony and ded of $2 per share. During 2020, the following transactions affected shareholder's equity: 1. In total, 200,000 new common shares were issued at $30 per share 2. The preferred dividend for the year was declared and paid. 3. A 10% common stock dividend was declared when the market price was $33 per share. The shares were distributed one month after the declaration. 4. In early December 2020, a dividend of $1.50 per share was declared on the common shares. The date of record was December 15, 2020. The dividend will be paid the following year. 5. The company earned a net income of $14,820,000 and had an other comprehensive loss of $145,000 6. On December 31, 2020, the company declared a two-for-one stock split on common shares Using the table below, track all the changes in the shareholders' equity account for 2020. Total the amounts (10 marks) # #of ted other comprehe nsive earnings income Total shares Common Common preferred Preferred Retained Date Shares shares shares
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