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

Question

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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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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