White Pear Inc., an organic soap manufacturer, showed the following equity information as at December 31, 2020:

Other information:

a. The preferred shares had sold for an average price of $36.00.

b. The common shares had sold for an average price of $14.20.

c. Retained earnings at December 31, 2019, was $192,000. During 2020, profit earned was $1,728,000. The board of directors declared a total cash dividend of $540,000.

Required

Calculate A, B, C, D, and E.

Transcribed Image Text:

White Pear Inc. Equity Section of the Balance Sheet December 31, 2020 Contributed capital: Preferred shares, $3.60 non-cumulative; 100,000 shares authorized 75,000 shares issued and outstanding. Common shares; unlimited shares authorized; E shares issued and outstanding. $6,250,000 Total contributed capital. Retained earnings. Total equity.