The balance sheet for Tactex Controls Inc, provincially incorporated in 2018, reported the following components of equity on December 31, 2019 Tacter controls the Equity Section of the balance sheet December 11, 2019 Contributed capital: Preferred shares, 51.2 cumulative, unlimited shares authorized; 11,000 shares issued and outstanding Common shares, unlimited shares authorized; 66,000 shares issued and outstanding Total contributed capital Retained earnings Total equity $ 383,000 726,000 $1.109.000 $1,478,000 In 2020 and 2021, the company had the following transactions affecting shareholders and the equity accounts: 2020 Jan. 1 Sold 21,000 Coron shares at $9.74 per share. 5 The directors declared a total cash dividend of $222,000 payable on Feb. 23 to the Feb. 5 shareholders of record. Dividends had not been declared for the years 2011 and 2019. All of the preferred shares had been issued during 2018. Feb. 28 Paid the dividends declared on January 5. July 1 Sold preferred shaces for total of $155,900. The average issue price was $20 per share. Dec 31 closed the dividend accounts along with the $S75,900 credit balance in the Income Sumary account. 2021 Sept. 5 the directors declared the required cash dividend on the preferred shares and a $0.5 per Common share cash dividend payable on October 28 to the October 5 Shareholders of record. Oct 28 Paid the dividends declared on September 5. Dec. 31 Closed the Cash Dividends account along with the 5542,300 credit balance in the income Summary account. The balance sheet for Tactex Controls Inc, provincially incorporated in 2018, reported the following components of equity on December 31, 2019 Tacter controls the Equity Section of the balance sheet December 11, 2019 Contributed capital: Preferred shares, 51.2 cumulative, unlimited shares authorized; 11,000 shares issued and outstanding Common shares, unlimited shares authorized; 66,000 shares issued and outstanding Total contributed capital Retained earnings Total equity $ 383,000 726,000 $1.109.000 $1,478,000 In 2020 and 2021, the company had the following transactions affecting shareholders and the equity accounts: 2020 Jan. 1 Sold 21,000 Coron shares at $9.74 per share. 5 The directors declared a total cash dividend of $222,000 payable on Feb. 23 to the Feb. 5 shareholders of record. Dividends had not been declared for the years 2011 and 2019. All of the preferred shares had been issued during 2018. Feb. 28 Paid the dividends declared on January 5. July 1 Sold preferred shaces for total of $155,900. The average issue price was $20 per share. Dec 31 closed the dividend accounts along with the $S75,900 credit balance in the Income Sumary account. 2021 Sept. 5 the directors declared the required cash dividend on the preferred shares and a $0.5 per Common share cash dividend payable on October 28 to the October 5 Shareholders of record. Oct 28 Paid the dividends declared on September 5. Dec. 31 Closed the Cash Dividends account along with the 5542,300 credit balance in the income Summary account