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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, 2023 Contributed capital: Preferred

Use the information provided below to answer the following questions.

Victoria Products Inc.

Equity Section of the Balance Sheet

October 31, 2023

Contributed capital:

Preferred shares, $3 non-cumulative;

unlimited shares authorized,

A. shares issued and outstanding $603,900

Common shares, unlimited shares authorized, 328,000 shares issued and outstanding B

Total contributed capital C

Deficit D

Total equity. =$3,656,100

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 $9.9 per share.
  • The preferred shares were issued for an average price of $18.3 per share.
  • Retained Earnings at October 31, 2022, was $387,000. No dividends had been paid for the year ended October 31, 2023

  1. Calculate A: Number of Preffered shares=?
  2. Calculate B: Common shares = ?
  3. Calculate C: Total Contributed Capital= ?
  4. Calculate D: Deficit=?
  5. Calculate Profit/loss for the year ended October 31,2023
  6. Assume cash dividends of $123,000 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. B.) Common shareholders
  7. Referring to your answers in Part 6 above , calculate the dividends per share actually received by the : A.) Preferred shareholders. B.) Common shareholders

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