The following is an excemt froen Ponter Lid to (PL'v) year cod balance sheet: Porter Lid Sharcholders' Equity. Octaber 31. 2020 During fiscal 2020, the following capital transactions took place: 1. December 4, 2020: PL issued 142,000 coumon shares in exchange for technology. The shares were thatiog for 522,70 on that day. As part of the transaction, PL paid an underwriting fee of 544,000 . camy a 396 divodend, and are mandaterily tedecmable on Augur 9,2030, 2,000 shares were issued for $10,000 each. The corporate charter was ancended to authorize 100,000 shares Aigat 12.2021. Wsing a portion of the procecds from the Series B Preferred shares issue, PL repurchasied 400,000 commoes shares in the market for $20.00 cach: Required: 2. Provide the journal eniries to record the capital transactions that took place in fiscal 2020 b. As or Oetober 31,2021, PL. reported couptehensive income of 5727,000 inclusive of $15,000 of OCl gains. Prepare a schedule showing the Earned Capital portion of PL's Shareholders' Equity for fiscal 2021, in good form. for 310,000 each. The eorporate charfer was amended to autherine 100,000 shares Requiret: OCI rains. Propure a schedule showing the Eamed Capital pontion or PL. S Shareholders' Equify for fiecal soet, in quat form. camatative How docs the cumulative feature differ froen the not-cumaletive? The following is an excemt froen Ponter Lid to (PL'v) year cod balance sheet: Porter Lid Sharcholders' Equity. Octaber 31. 2020 During fiscal 2020, the following capital transactions took place: 1. December 4, 2020: PL issued 142,000 coumon shares in exchange for technology. The shares were thatiog for 522,70 on that day. As part of the transaction, PL paid an underwriting fee of 544,000 . camy a 396 divodend, and are mandaterily tedecmable on Augur 9,2030, 2,000 shares were issued for $10,000 each. The corporate charter was ancended to authorize 100,000 shares Aigat 12.2021. Wsing a portion of the procecds from the Series B Preferred shares issue, PL repurchasied 400,000 commoes shares in the market for $20.00 cach: Required: 2. Provide the journal eniries to record the capital transactions that took place in fiscal 2020 b. As or Oetober 31,2021, PL. reported couptehensive income of 5727,000 inclusive of $15,000 of OCl gains. Prepare a schedule showing the Earned Capital portion of PL's Shareholders' Equity for fiscal 2021, in good form. for 310,000 each. The eorporate charfer was amended to autherine 100,000 shares Requiret: OCI rains. Propure a schedule showing the Eamed Capital pontion or PL. S Shareholders' Equify for fiecal soet, in quat form. camatative How docs the cumulative feature differ froen the not-cumaletive
