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this question is related to corporations chapter in Principles of accounting part 2. if anyone knows how to solve it can anyone pls help me.
this question is related to corporations chapter in Principles of accounting part 2. if anyone knows how to solve it can anyone pls help me.
View Policies Current Attempt in Progress The shareholders' equity accounts of Blossom Inc. at December 31, 2020, are as follows: Preferred shares, 53 noncumulative, unlimited number authorized, 2.000 issued Common shares, unlimited number authorized, 170,000 issued Retained earnings Accumulated other comprehensive loss $200,000 850,000 350,000 (40,000) Blossom has a 35% come tax rate. During the following fiscal year, ended December 31, 2021, the company had the following transactions and events: Feb. 1 Repurchased 10,000 common shares for $40,000. July 12 Announced a 2-for-1 preferred stock split. The market price of the preferred shares at the date of announcement was $150. Declared the annual cast dividend ($1.50 post-split) to the preferred shareholders of record on January 10, 2022, payable on Dec January 31, 2022. Declared a 5% stock dividend to common shareholders of recordat Dember 20, distributable on January 12, 2022. The fair Dec 18 value of the common shares was $13 per share Determined that for 2021. profit before income tax was $310,000 and other comprehensive income, net of income tax expense Dec 31 af $39.900 was $74.100 Prepare a statement of changes in shareholders equity for the year ended December 31, 2021. Enter negative amount using the negative sin preceding the number cy -5 of parentheses (451) O e 431 PM COENG TIL Prepare a statement of changes in shareholders' equity for the year ended December 31, 2021. (Enter negative amount using either a negative sign preceding the number 1.3.-45 or parentheses eg. (451) BLOSSOM INC. Statement of Changes in Shareholders' Equity Preferred Shares Common Shares Contributed Surpl Reacquisition of Common Shares Stock Dividend Distributable $ Balance, January 1 $ $ Reacquired common shares Stock split 2 for 1 Cash dividends-Preferred Stock dividends-common Comprehensive income Balance, December 31 $ eTextbook and Media Prepare a statement of changes in shareholders' equity for the year ended December 31, 2021. (Enter negative amount using either a negative sign preceding the numbered. -45 or parentheses ex (451) BLOSSOM INC. Statement of Changes in Shareholders' Equity Stock Dividend Distributable Contributed Surplus Reacquisition of Common Shares Retained Earnings Accumulated Other Comprehensive Income (Loss) Total $ $ $ $ $ $ e Textbook and Media
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