Required
1. Calculate A assuming an average issue price of $12 per share.
2. Calculate B assuming an average issue price of $60 per share.
3. Calculate C assuming the average issue price was $3.00 per share.
4. Calculate D.
5. Calculate E assuming that Rainchief Energy Inc. showed net incomes (losses) for the years ended October 31, 2011, 2012, 2013, and 2014, of $1,500,000, $1,050,000, $780,000, and $(1,320,000) respectively. Dividends totaling $720,000 were declared and paid during the year ended October 31, 2011. No other dividends have been declared to date.
6. Calculate F.
7. Calculate any dividends in arrears as at October 31, 2014 (all of the shares were issued early in2011).

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Rainchief Energy Inc. Equity Section of the Balance Sheet October 31, 2014 Contributed capital: Preferred shares, $4.80 cumulative, unlimited shares authorized, 45,000 shares issued and outstanding... Preferred shares, $3.00 non-cumulative, unlimited shares authorized, B shares issued and outstanding: Common shares, unlimited shares authorized 2,280,000 265,000 shares issued and outstanding Total contributed capital Retained earning