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2. Hooper Inc., an auto parts manufacturer, has two classes of common shares. Class A shares are entitled to one vote, whereas Class B shares are entitled to 100 votes. The two classes rank equally for dividends. The following is extracted from a recent annual report. (Click the icon to view the shareholders' equity report.) Shareholders' Equity Report Requirements a. Record the issuance of the Class A common shares. Use the Hooper Inc. account titles. b. Record the issuance of the Class B common shares. Use the Hooper Inc. account titles. c. How much of Hooper Inc.'s shareholders' equity was contributed by the shareholders? How much was provided by profitable operations? Does this division of equity suggest that the company has been successful? Why or why not? d. Write a sentence to describe what Hooper Inc.'s shareholders' equity balance means. 2a. Record the issuance of the Class A common shares. Use the Hooper Inc. account titles. (Record debits first, then credits. Exclude explanations from any journal entries. If a box is not used in the journal entry, leave the box empty; do not select a label or enter a zero.) 2b. Recor Cash oper Inc. account titles. (Record debits first, then credits. Exclude explanations from any journal entries. If a box is not bel or enter a zero.) Date Class A Common Shares Debit Class B Common Shares Retained Earnings 2c. How much of Hooper Inc.'s shareholders' equity was contributed by the shareholders? How much was provided by profitable operations? Does this division of equity suggest that the company has been successful? Why or why not? The shareholders contributed $ to shareholders' equity and $ was provided by profitable operations. This division suggests that the company been successful because almost all of its shareholders' equity has come from 2d. Write a sentence to describe what Hooper Inc.'s shareholders' equity balance means. The total of Hooper's shareholders' equity indicates that the have a claim to $ of the company's 2c. How much of Hooper Inc.'s shareholders' equity was contributed by the shareholders? How much was provided by profitable operations? Does this division of equil has been successful? Why or why not? The shareholders contributed $ to shareholders' equity and $ was provided by profitable operations. This division suggests that the company been suc its shareholders' equity has come from 2d. Write a sentence to describe what balance means. The total of Hooper's shareholders' equ have a claim to $ of the company's ers? How much was provided by profitable operations? Does this division of orofitable operations. This division suggests that the company beel 2c. How much of Hooper Inc.'s shareholders' equity was contributed by the shareholders? How much was provided es this division of e has been successful? Why or why not? The shareholders contributed $ to shareholders' equity and $ was provided by profitable operations. This divi its shareholders' equity has come from 2d. Write a sentence to describe what Hooper Inc.'s shareholders' equity balance means. The total of Hooper's shareholders' equity indicates that the have a claim to $ of the company's