The following information is available for Beauvalon Inc. for the preparation of its September 30, 2020, financial statements: Income before taxes $294,340 Income tax expense $62,500 Other comprehensive income (loss) $(12,000) Earnings per share $1.896 Dividends declared, common $49,000 Dividends declared, preferred $13,800 Retained earnings, October 1, 2019 $1,457,200 Accumulated other comprehensive income, October 1, 2019 $43,400 Share capital, common shares, October 1, 2019 $2,700,000 $440,000 Share capital, preferred shares, October 1, 2019 Beauvalon did not issue or buy back any shares during the year.