the follewint transuctions cetwr daring the pear a) the board declarmia cash divisend of 5850,000 2.Mev (Ttee compary taled to puy last year prelerred dividend? E) the complan pays the canh dinedent e) the company does a 31 stock selt to increat the maketabiley at the shern d) the kompary iswes 3000 (conmon only 14.May 54 preferned shanes to the accourtant to cover areoviting capenses of 000.000 ef the compeny makes a net income of sso0,000 Create Ae entry to dese the income wamary sn May 31 II maris bacal Prepure as statement of netained eurnitgi le LES had ieatement of retained earninga \begin{tabular}{|l|l|} \hline UES lid & \\ \hline soening balance & \\ \hline + net income & \\ \hline - cash dividend & \\ \hline - stack tiefend & \\ \hline flonier bylanct & \\ \hline \end{tabular} presare a statenent of ahareholders eaviry the following transactions occur during the year e) the company makes a net income of $600,000 Create the entry to close the income summary on May 31 \begin{tabular}{|l|l|l|l|l|} \hline Date & Description & DR & CR \\ \hline 2-May & & & \\ \hline & & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline 9-May & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline 14-May & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline 29-May & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 11 marks total Prepare a statement of retained earnings fo uKs ltd statement of retained earnings \begin{tabular}{|l|l|} \hline \multicolumn{2}{|l|}{ Liks ltd } \\ \hline opening balance & \\ \hline + net income & \\ \hline - cash dividend & \\ \hline - stock divdend & \\ \hline Closing balance & \\ \hline \end{tabular} prepare a statement of shareholders equity statement of shareholders equity 2 DECIMAL PLACES HEREI what is the average price of the common share? what is the average price of the preferred share? What was the dividend per share for the common shares? \begin{tabular}{|l|l|} \hline & (HivT* Part c) \\ \hline & (Hint* This is atFont the stock split) \end{tabular} the follewint transuctions cetwr daring the pear a) the board declarmia cash divisend of 5850,000 2.Mev (Ttee compary taled to puy last year prelerred dividend? E) the complan pays the canh dinedent e) the company does a 31 stock selt to increat the maketabiley at the shern d) the kompary iswes 3000 (conmon only 14.May 54 preferned shanes to the accourtant to cover areoviting capenses of 000.000 ef the compeny makes a net income of sso0,000 Create Ae entry to dese the income wamary sn May 31 II maris bacal Prepure as statement of netained eurnitgi le LES had ieatement of retained earninga \begin{tabular}{|l|l|} \hline UES lid & \\ \hline soening balance & \\ \hline + net income & \\ \hline - cash dividend & \\ \hline - stack tiefend & \\ \hline flonier bylanct & \\ \hline \end{tabular} presare a statenent of ahareholders eaviry the following transactions occur during the year e) the company makes a net income of $600,000 Create the entry to close the income summary on May 31 \begin{tabular}{|l|l|l|l|l|} \hline Date & Description & DR & CR \\ \hline 2-May & & & \\ \hline & & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline 9-May & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline 14-May & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline 29-May & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 11 marks total Prepare a statement of retained earnings fo uKs ltd statement of retained earnings \begin{tabular}{|l|l|} \hline \multicolumn{2}{|l|}{ Liks ltd } \\ \hline opening balance & \\ \hline + net income & \\ \hline - cash dividend & \\ \hline - stock divdend & \\ \hline Closing balance & \\ \hline \end{tabular} prepare a statement of shareholders equity statement of shareholders equity 2 DECIMAL PLACES HEREI what is the average price of the common share? what is the average price of the preferred share? What was the dividend per share for the common shares? \begin{tabular}{|l|l|} \hline & (HivT* Part c) \\ \hline & (Hint* This is atFont the stock split) \end{tabular}