Question: CALCULATOR PRINTER VERSION HACK NEXT Question 6 Peppermint Inc. has the following shares outstanding at December 31, 2020: Common shares, $1,500,000 no par value, 10,000

CALCULATOR PRINTER VERSION HACK NEXT Question 6 Peppermint Inc. has the following shares outstanding at December 31, 2020: Common shares, $1,500,000 no par value, 10,000 shares issued and outstanding, unlimited number authorized. Preferred shares, $200,000, $5.00, no par value, non-cumulative, and 2,000 shares issued and outstanding. Dividends have not been declared for the past two years. The beginning balance of Retained Earnings for 2020 was $180,000. Net income for 2020 was $200,000. The company declared $17,500 cash dividends in 2020. Calculate: a) amount of dividends paid to each dass of shareholders b) retained earnings balance on Dec 31, 2020 c) Return on common shareholder's equity (assume no change in 2019 for common shares). Show all calculations. Label your answers (eg, a,b, etc). Show Work is REQUIRED for this question: Open Show Work
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