Shareholders Equity Preferred shares $050 cumulative, 100,000 shares authorized, 2,000 shares issued and outstanding $40,000 Common shares 100,000 shares authorized, 21,000 shares issued and outstanding 210,000 Deficit 45,000 Total shareholders equity$205,000 The company has paid all dividends through 2013 In 2015, the company attempted to stabilize its share price by repurchasing 1,000 shares, which reduced common share capital by $10,000 BAT also had $70,000 in net income In 2016,