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xam The balance sheet for Tactex Controls Inc., provincially incorporated in 2021, reported the following components of equity on December 31, 2022. Contributed capital: Preferred
xam The balance sheet for Tactex Controls Inc., provincially incorporated in 2021, reported the following components of equity on December 31, 2022. Contributed capital: Preferred shares, $2.1 cumulative, unlimited shares authorized; 29,000 shares issued and outstanding Common shares, unlimited shares authorized; 84,000 shares issued and outstanding Total contributed capital Retained earnings Total equity 2023 In 2023 and 2024, the company had the following transactions affecting shareholders and the equity accounts: Jan, Feb. July Dec. Tactex Controls Inc. Equity Section of the Balance Sheet December 31, 2022 2024 Sept. Oct. Nor $ 401,000 744,999 $1,145,000 387,000 $1,532,000 1 Sold 39,000 common shares at $11.54 per share. 5 The directors declared a total cash dividend of $240,000 payable on Feb. 28 to the Feb. S shareholders of record, Dividends had not been declared for the years 2021 and 2022. All of the preferred shares had been issued during 2021. 28 Paid the dividends declared on January 5. 1 Sold preferred shares for a total of $157,000. The average issue price was 120 per share. 31 Closed the dividend accounts along with the $577,700 credit balance in the Income Summary account. 5 The directors declared the required cash dividend on the preferred shares and a $2.3 per common share cash dividend payable on October 28 to the October 5 shareholders of record. 28 Paid the dividends declared on September 5. 21 and the Park Bildande opt alone with the E** 100 andle boter in the
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