On December 31, 2014, Optosecurity Inc. showed the following:

Required
Part 1:
Calculate book value per common share and preferred share at December 31, 2014, assuming no dividends were declared for the years ended December 31, 2013 or 2014, and that the preferred shares are:
a. Cumulative,
b. Non-cumulative.

Part 2
Calculate book value per common share and preferred share at December 31, 2014, assuming total dividends of $91,000 were declared and paid in each of the years ended December 31, 2013 and 2014, and that the preferred shares are:
c. Cumulative,
d.Non-cumulative.

Transcribed Image Text:

Optosecurity Inc. Equity Section of Balance Sheet December 31, 2014 Contributed capital: Preferred shares, $4, unlimited shares authorized, Common shares, unlimited shares authorized, 35,000 shares 455,000 . 763,000 952,000 . .. $1,715,000 issued and outstandingt Retained earnings Total equity .