View Policies Current Attempt in Progress Blue Spruce Inc. was formed on July 1, 2017. it was authorized to issue an unlimited number of common shares and 100,000 shares of cumulative and non participating preferred shares carrying a $1.80 dividend. The company has a July 1 to June 30 fiscal year. The following information relates to the company's shareholders' equity account Common Shares Before the 2019-20 fiscal year, the company had 122.000 outstanding common shares issued as follows: 1 2 106,000 shares issued for cash on July 1, 2017, at $35 per share 6.100 shares exchanged on July 24, 2017 for a plot of land that cost the seller $85,400 in 2007 and had an estimated fair value of $268.400 on July 24, 2017 9,900 shares ksued on March 1, 2018; the shares had been subscribed for $52 per share on October 31, 2017 3 Oct. 1 2019 Nov. 30 2019 Subscriptions were received for 12 200 shares at 557 per share. Cish of 5188.100 was received in full payment for 3.300 shares and share certificates were issued. The remaining subscription for 8.900 shares was to be paid Infull by September 30, 2020 and the certificates would then be issued on that date The company purchased 3.100 or its own common shares on the open market at S44 per share. These shares wererestored to the status of authorized but unissued shares The company declared 5% stock dividend at the fair value of the shares for shareholders of record on January Sedan 2020. The commitmen Dec. 1 2012 unissued shares Dec. 15, 2019 The company declared a 5% stock dividend at the fair value of the shares for shareholders of record on January 15, 2020 to be issued on January 31, 2020. The company's common shares were selling at $55 per share on December 15, 2019. June 20 2020 The company sold 610 of its own common shares for $23,180 Preferred Shares The company issued 61.000 preferred shares at $46 per share on July 1, 2017 Cash Dividends The company has followed a schedule of declaring cash dividends each year in December and June and making the payment to shareholders of record in the following month. The cash dividend declarations have been as follows since the company's hest year and up until June 30, 2020 Declaration Date Common Shares Preferred Shares Dec 15, 2018 $0.30 per share $2.70 per share June 6, 2019 $0,30 per share 50.90 per share Dec 15.2019 $0.90 per share includes dividend areas of 52 from the 2017-18 fiscal year No cash dividends were declared to common shareholders during June 2020 due to the company's liquidity problems, Retained Earnings As at June 30, 2019, the company's Retained Earnings account had a balance of $745.000. For the fiscal year ended June 30, 2020, the company reported net income of $51,000. Prepare the shareholders' equity section of the company's SFP as at June 30, 2020, as it should appear in its annual report to the shareholders. (Enter negative amounts using either a negative sin preceding the number es 45 or parentheses es: (45). Round average price per share to 2 decimal places, es 12.52 and the final answers to decimal places, eg. 5.125) Blue Spruce Inc. Balance Sheet (Partial)