Please fill the spot in red on dividends declared and briefly explain how to get the answer Duffy Dog Corporation, a publicly traded company, is authorized to issue 190,000 $4 cumulative preferred shares and an unlimited number of common shares On January 1, 2018, the general ledger contained the following shareholders' equity accounts Preferred shares (7,800 shares issued) $421,200 Common shares (77,000 shares issued) 1,078,000 Contributed surplus 23,100 Retained earnings 864,000 Accumulated other comprehensive income 10,100 The following equity transactions occurred in 2018 Feb 6 Issued 10,200 preferred shares for $622,200 Apr 6 Issued 22,000 common shares for $605,000 27 Reacquired and retired 2,700 common shares at $16 per share May 29 Declared a semi annual cash dividend to the preferred shareholders of record at June 12, payable July 1 Aug 22 Issued 8,400 common shares in exchange for a building At the time of the exchange, the building was valued at $164,700 and the common shares at $149,000 Dec 14 The board of directors decided there were insufficient funds to declare the semi annual dividend to the preferred shareholders 31 Net income for the year was $570,000 Preferred Shares Jan 1 Bal 421200 Feb 6 622200 Dec 31 Bal 1043400 Common Shares Apr 27 45900 Jan 1 Bal 1078000 Apr 6 605000 Aug 22 164700 Dec 31 Bal 1801800 Retained Earnings Dec 31 CE 36000 Jan 1 Bal 864000 Dec 31 CE 570000 Dec 31 Bal 1398000 Contributed Surplus Jan 1 Bal 23100 Apr 27 2700 Dec 31 Bal 25800 Contributed Surplus Jan 1 Bal 23100 Apr 27 2700 Dec 31 Bal 25800 Dividends Declared Dec 31 CE v 1398000 Dec 31 CE 570000 Dec 31 Bal 828000 Accumulated Other Comprehensive Income Jan 1 Bal 10100 Dec 31 Bal 10100

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Please fill the spot in red on dividends declared and briefly explain how to get the answer  Duffy Dog Corporation, a publicly traded company, is authorized to issue 190,000 $4 cumulative preferred shares and an unlimited number of common shares  On January 1, 2018, the general ledger contained the following shareholders' equity accounts  Preferred shares (7,800 shares issued) $421,200 Common shares (77,000 shares issued) 1,078,000 Contributed surplus 23,100 Retained earnings 864,000 Accumulated other comprehensive income 10,100 The following equity transactions occurred in 2018  Feb  6 Issued 10,200 preferred shares for $622,200  Apr  6 Issued 22,000 common shares for $605,000  27 Reacquired and retired 2,700 common shares at $16 per share  May 29 Declared a semi annual cash dividend to the preferred shareholders of record at June 12, payable July 1  Aug  22 Issued 8,400 common shares in exchange for a building  At the time of the exchange, the building was valued at $164,700 and the common shares at $149,000  Dec  14 The board of directors decided there were insufficient funds to declare the semi annual dividend to the preferred shareholders  31 Net income for the year was $570,000  Preferred Shares Jan  1 Bal  421200 Feb  6 622200 Dec  31 Bal  1043400 Common Shares Apr  27 45900 Jan  1 Bal  1078000     Apr 6 605000 Aug  22 164700 Dec  31 Bal  1801800 Retained Earnings Dec  31 CE 36000 Jan  1 Bal  864000 Dec  31 CE 570000 Dec  31 Bal  1398000 Contributed Surplus Jan  1 Bal  23100 Apr  27 2700 Dec  31 Bal  25800 Contributed Surplus Jan  1 Bal  23100 Apr  27 2700 Dec  31 Bal  25800 Dividends Declared Dec  31 CE v 1398000 Dec  31 CE 570000 Dec  31 Bal  828000 Accumulated Other Comprehensive Income Jan  1 Bal  10100 Dec  31 Bal  10100

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Please fill the spot in red on dividends declared and briefly explain how to get the answer. Duffy Dog Corporation, a publicly traded company, is

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