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West Coast Corporation lost some of its accounting records in a fire on August 10, 2023. The following information has been salvaged from the rubble.
West Coast Corporation lost some of its accounting records in a fire on August 10, 2023. The following information has been salvaged from the rubble. The preferred shares account has a balance of $251,900. The common shares were issued for an average price of $55 per share. There are 30,000 common shares issued. The Retained Earnings account has a balance of $172,000 on August 10, 2023. The preferred shares were issued for an average price of $110. Required Determine the number of preferred shares issued. What is the balance in the common shares account? What is total share capital? What is total shareholders' equity
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