Question 2 Green Corporation is authorized to issue 1,000,000 common shares. The company started its business in 2016 and initially issued 120,000 common shares at $8/share. During 2018 Green corporation issued additional common shares of 85,000 at a price of S10/share. From 2016 till 2019 Green Corporation earned a total net income of $185,000 Over these 4 years they paid out a total of $48,000 cash dividend. In 2019 Green Corporation distributed 5% stock dividend based on the market price of the company share at $12. Green Corporation's balance sheet on Dec 31, 2019 show's total assets of $4,423,000 and liabilities of $2,476,000. Calculate the shareholders equity for Green corporation by showing complete calculation of common shares/share capital and the retained eamings