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The following transactions, among others, octurred during the fiscal year ended March 31, 2020. April 15, 2019 Declare and pay preferred dividends of 5480.000 .

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The following transactions, among others, octurred during the fiscal year ended March 31, 2020. April 15, 2019 Declare and pay preferred dividends of 5480.000 . April 15, 2019 Declare and pay common dividendis of $1.80 per share. October 1, 2019 Execute a 3 for-1 stock split of the common stock when the stock price was $168 per share. March 1,2020 Declare and pay common dividends of $1,00 per share. (a) Use the financial statement effects template to indicate the effects of these separate transactions. Note: Use negative signs with answers, when appropriate. (b) At March 31, 2020, the company reported net income for the year of $9,900,610. Compute retained earnings as of March 31,2020 . 5 The following transactions, among others, octurred during the fiscal year ended March 31, 2020. April 15, 2019 Declare and pay preferred dividends of 5480.000 . April 15, 2019 Declare and pay common dividendis of $1.80 per share. October 1, 2019 Execute a 3 for-1 stock split of the common stock when the stock price was $168 per share. March 1,2020 Declare and pay common dividends of $1,00 per share. (a) Use the financial statement effects template to indicate the effects of these separate transactions. Note: Use negative signs with answers, when appropriate. (b) At March 31, 2020, the company reported net income for the year of $9,900,610. Compute retained earnings as of March 31,2020 . 5

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