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

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Use the information provided below to answer the following questions. Contributed capitali A Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2023 Preferred shares, $3 non-cumulative; unlimited shares authorized, shares issued and outstanding Common shares, unlimited shares authorized, 327,000 shares Issued and outstanding Total contributed capital. Deficit Total equity $ 582,400 C D $3,593,000 Other information: All of the shares were issued during the first year of operations (year ended October 31, 2022). The common shares were issued for an average price of $9.8 per share. The preferred shares were issued for an average price of $18.2 per share. Retained Earnings at October 31, 2022, was $386,000. No dividends had been paid for the year ended October 31, 2023. Required: 1. Calculate A Number of Preferred shares 32,000 6. Assume cash dividends of $122,000 were paid during the year ended October 31, 2022. Calculate the total dividends actually paid during the year ended October 31, 2022, to the a Preferred shareholders Total Dividends $ 96,000 b Common shareholders 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.) a Preferred shareholders b. Common shareholders Dividends per Share

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