Tantramar Corporation has the following shareholders equity on July 31, 2010: Shareholders' equity Share capital $10 preferred shares, no par value, cumulative 10,000 shares authorized, 5,000 shares issued $2,000,000 Common shares, no par value, 600,000 shares authorized, 10,000 shares issued 300 000 Total share capital 2,300,000 Retained earnings 500,000 Total shareholders' equity $2,800,000 29. Assume that during 2011 the company had profit of $65,000 and paid dividt beginning balance of retained earnings for the year ended July 31, 2011 is A) $500,000. B) $565,000. C) $550,000. D) Cannot be determined from the information provided 30. The maximum number of common shares that Tantramar can issue is A) 10,000. 3) 5,000. C) 500,000. D) Cannot be determined from the information provided