Question: Dolby Access Sket Type here to search PART 4: CORPORATIONS-SECTION B (17 Strict Fitness Ltd. shareholder's equity accounts. ha aa December 31 year end. On

Dolby Access Sket Type here to search PART 4: CORPORATIONS-SECTION B (17 Strict Fitness Ltd. shareholder's equity accounts. ha aa December 31 year end. On January 1,2017, the company had the following Preferred Shares, $5 cumulative, unimited number 5,500 issued Common Shares, unlimited number authorized, 16 Retained Earnings Accumulated Other Comprehensive Income $ 550,000 160,000 issued 1220,000 2,215,000 52,000 Strict Fitness Ltd. had the following transactions during 2017: Jan 31 Issued 40,000 common shares at $8.50 per share. Feb 28 Issued 1,000 preferred shares at $110 per share. Mar 31 Reacquired 20,000 Common Shares at $10 a share. Jun 1 Declared a 10% stock dividend on the common shares outstanding on June 1, to be distributed on June 30 to the shareholder of record on June 1. The fair value of the common shares on June 1 is $12 per share. Aug 31 Issued 25,000 common shares at $13 per share. The company reported net income of $520,000 and comprehensive income of $592,000 for 2017 Requirement 7 (17 MARKS): Record all of the transactions

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