Question: Need help: Can you please help me solve this question? The shareholders'equity section of Well Services Corporation, as of the end of 2020 follows. Wells
Need help: Can you please help me solve this question?
The shareholders'equity section of Well Services Corporation, as of the end of 2020 follows. Wells began operations in 2016 and at the time issued 13,000 preferred shares. Preferred shares (25,000 shares authorized, 13.000 issued) cumulative, non-participating $3 dividend Common shares (750,000 shares authorized, 187,000 shares issued) 935.000 Retained earnings 462.000 Total Shareholders' equity 1,527,000 130,000 (a) Complete the following table: Dividends Year Total Dividends Paid for Dividends Paid to Preferred Dividends in Arrears Preferred 2016 0 39,000 0 (1) 2017 $43,000 78.000 (3) 35.000 2018 $90,000 (5) 74.000 (6) 2019 $28.000 39.000 (8) 19) 2020 $87.000 110 0 50.000
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