(Share issuance, types of shares, dividends, and stock splits)

Eastwood Inc. had the following shares authorized in its articles of incorporation and issued on December 31, 2015:

? 100,000 preferred shares, no par, $4 semi-annual dividend, non-voting, redeemable at $103, none issued

? Unlimited number of common shares authorized, 500,000 shares issued for $4.4 million On December 31, 2015, the company had the following balances in other equity accounts: