Opal Ltd. reports the following information in its equity section of the statement of financial postion:

$300,000 in Preferred shares, $1.50, 30,000 shares outstanding, cumulative, non-voting

$750,000 in Common shares, 50,000 shares outstanding

Last year was the first year that the company paid no dividends. The board of directors declared total cash dividends of $100,000 for this year. What will be the total dividends payable to the common shareholders for this year?

Question 12 options:

a)

$70,000

b)

$10,000

c)

$45,000

d)

$100,000

e)

$55,000

Atlantic Corp. uses the perpetual inventory system and FIFO inventory costing method. The company reported the following sales and purchase transactions in January:

Date	Transaction	Units	Unit Cost	Unit Sales Price
Jan. 1	Beg. inventory	30	$25
Jan. 3	Purchase	40	$28
Jan. 6	Sale	55		$35
Jan. 8	Purchase	50	$30

What is the value of ending inventory at the end of January?

Question 2 options:

a)

$1,870

b)

$1,925

c)

$1,450

d)

$3,370

e)

$1,920

PLEASE DO ALLLLLL