Pharma Shop Ltd. is a mid-sized public company that had been in operation for many years. On December 31, 2019, it had an unlimited number of common shares authorized and 6,800,000 shares issued at an average value of $28 per share. As well, there were 6,600,000 preferred shares authorized, with 330,000 of them issued at $20 per share. The balance in retained earnings was $26,620,000. The balance in accumulated other comprehensive income was $524,000. The preferred shares pay an annual dividend of $2 per share. During 2020, the following transactions affected shareholders' equity: 1 2 3 In total, 210,000 new common shares were issued at $33 per share, The preferred dividend for the year was declared and paid A 10% common stock dividend was declared when the market price was $33 per share. The shares were distributed one month after the declaration In early December 2020, a dividend of $1.40 per share was declared on the common shares. The date of record was December 15, 2020. The dividend will be paid the following year. The company earned a net income of $15,080.000 and had an other comprehensive loss of $145,000 On December 31, 2020, the company declared a two for one stock split on common shares 4 5 6. (a) Use a spreadsheet or table format like the one in the first practice problem to track all of the changes in the shareholders' equity accounts in 2020. (If an amount reduces the account balance then enter with negative signes -15,000 or in parenthesis, es (15,000)) -/8 Question 4 of 16 Use a spreadsheet or table format like the one in the first practice problem to track all of the changes in the shareholders equity accounts in 2020. (If an amount reduces the account balance then enter with negative sign, eg. 15,000 or in parenthesis, e8. (15,000)) Number of common shares Number preferi Share Date Common Shares Dec 31, 2019 6600000 1. issued common shares 210000 2. preferred share dividends 3.10% stock dividend on common shares 4.common share dividend 5a.net income for year 5b, other comprehensive (loss) for year 6. two-for-one stock split on common shares $ Dec 31, 2020 Quesuun 4 UI 16 -/8 Use a spreadsheet or table format like the one in the first practice problem to track all of the changes in the shareholders' equity accounts in 2020. (If an amount reduces the account balance then enter with negative sign, e.g. - 15,000 or in parenthesis, e.g. (15,000).) Number of preferred Shares Preferred shares Retained Earnings Accumulated other comprehensive income $ $ Use a spreadsheet or table format like the one in the first practice problem to track all of the changes in the shareholders' equity accounts in 2020. (If an amount reduces the account balance then enter with negative sign, e.g. - 15,000 or in parenthesis, e.s. (15,000).) Preferred shares Retained Earnings Accumulated other comprehensive income Total $ $ Prepare the statement of changes in shareholders equity for 2020 and the shareholders' equity section of the statement of financial position as at the end of 2020. (Hint: The statement of changes in shareholders equity will be similar to the table from part" but similar transactions, such as dividends will be grouped into one line) (if an amount reduces the account balance then enter with negative sign, e.s. 15,000 or in parenthesis. es. (15,000).) Pharma Statement of Changes Year Ended Dec Number of preferred shares Number of common shares Common Sures Dec 31, 2019 Common shares stoed Cash dividends Stock dividend - common shares Net income Other comprehensive loss Stock split on common shares part'butum transactions such an die wil beroped neil on mul thenter with cutie 15.000 ar inteles (15,0001) Question 17 Pharma Shop Ltd Statement of Changes in Shareholders' Equity Year Ended December 31, 2020 Question Itine Viewing Question Questions 10:36 1/1 Question Question 575 115 Questions 23 Question Question to In Shareholders' Equity ember 31, 2020 Question 3 Multiple Choice Preferred Shares Retained Earnings Accumulated other comprehensive Income Total Viewing Question Account Map Question 5 Accounting Question 6 Multiple Choice Question 7 Accounting MD Question 8 ACCOM Question 9 Account Question 10 Multiple Choc QueSLIUI 4 01 16 -7 $ $ $ Pharma Shop Ltd. Statement of Shareholders' Equity December 31, 2020 e Textbook and Media List of Accounts