X Chaso 22 On January 1, 2021 Astor Co. showed the following shareholders equity accounts Preferred shares. 53, 10.000 shares issued $250.000 Common shares. 50,000 shares issued 5500,000 Retained earnings 5150.000 Time on 31:27 1 221 In 2021 Astor Co. had the following transactions affecting shareholders equity: Jan 2 issued 8,000 common shares for $12.50 per share, and 5,000 preferred shares for 525 per share Dec 11 The company declared and paid the annual dividend on the preferred Shares Dec 15 The company declared and paid a $1.50 per share dividend on the common shares Dec 31 The company made a profit of $300,000 in 2021. Required: a. Calculate the Retained Earnin b. Calculate the total shareholder calculations. [5 marks] se on December 31, 2021 13 marks) ly on December 31, 2021. Show all relevant 7 " B 1 III so a. Retained Earnings CCT1115 - Introductory Financial Accounting (202112022 Fall Tert Turve Vol 031-33 Quu ation 22 on January 1, 2021 Astor Co. showed the following shareholders' equity accounts: Preferred shares, 53, 10,000 shares issued $250,000 Common shares, 50,000 shares issued $500,000 Retained earnings $150,000 16 tour or In 2021 Astor Co. had the following to nis affecting shareholders' equity. Jan 2 Issued 8,000 common share 50 per share, and 5,000 preferred shares for $25 per share Dec 11 The company declared and paid the annual dividend on the preferred shares. Dec 15 The company declared and paid a $1.50 per share dividend on the common shares. Dec 31 The company made a profit of $300,000 in 2021. Required: a. Calculate the retained Earnings balance on December 31, 2021 13 marks] b. Calculate the total shareholder's equity on December 31, 2021. Show all relevant calculations. [5 marks]