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Use the information provided below to answer the following questions. Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2020 Contributed capital: A

Use the information provided below to answer the following questions.

Victoria Products Inc.

Equity Section of the Balance Sheet

October 31, 2020

Contributed capital:

A

Preferred shares, $3 non-cumulative; unlimited shares authorized, shares issued and outstanding

$

647,500

Common shares, unlimited shares authorized, 330,000 shares issued and outstanding

B

Total contributed capital

C

Deficit

D

Total equity

$

3,783,500

Other information:

  • All of the shares were issued during the first year of operations (year ended October 31, 2019).
  • The common shares were issued for an average price of $10.1 per share.
  • The preferred shares were issued for an average price of $18.5 per share.
  • Retained Earnings at October 31, 2019, was $389,000. No dividends had been paid for the year ended October 31, 2020.

Required: 1. Calculate A.

2. Calculate B.

3. Calculate C.

4. Calculate D.

5. Calculate Profit/Loss for the year ended October 31, 2020.

6. Assume cash dividends of $125,000 were paid during the year ended October 31, 2019. Calculate the total dividends actually paid during the year ended October 31, 2019, to the:

7. Referring to your answers in Part 6 above, calculate the dividends per share actually received by the: (Round your final answers to 2 decimal places.)

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