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plz help fast XYz Co,'s shareholder's equity accounts on December 31, 2021, were as follows: In 2022, the following transactions occurred that affected XYZ Co.'s
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XYz Co,'s shareholder's equity accounts on December 31, 2021, were as follows: In 2022, the following transactions occurred that affected XYZ Co.'s shareholders' equity: Jan 2: Issued 8,000 common shares for $12.50 per share and 5,000 preferred shares for $25 per share Dec 11: Declared and paid the annual dividend ( $3.00 per share) on the preferred shares Dec 15: Declared a $1.50 per share dividend on the common shares to be paid in 2022 Dec 31: Made a profit of $300,000 in 2022 Step by Step Solution
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