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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: Preferred
Use the information provided below to answer the following questions. Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2020 Contributed capital: Preferred shares, $3 non-cumulative; unlimited shares authorized, A shares issued and outstanding Common shares, unlimited shares authorized, 326,000 shares issued and outstanding Total contributed capital Deficit Total equity $ 561,100 $ 3,530,300 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 $9.7 per share. The preferred shares were issued for an average price of $18.1 per share Retained Earnings at October 31, 2019, was $385,000. No dividends had been paid for the year ended October 31, 2020. Required: 1. Calculate A Number of Preferred 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, 2020 6. Assume cash dividends of $121,000 were paid during the year ended October 31, 2019 Calculate the total dividends actually paid during the year ended October 31, 2019, to the Total Dividends a Preferred shareholders 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.) Dividends per la Preferred shareholders bCommon shareholders 8. Not available in Connect 9. Not available in Connect 10. Not available in Connect
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