Problem 12-4A Analyzing equity, dividend allocation LO2, 5 Use the information provided below to answer the following questions. Contributed capital: Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2020 Preferred shares, $3 non-cumulative; unlimited shares authorized, shares issued and outstanding Common shares, unlimited shares authorized, 321,000 shares issued and outstanding Total contributed capital Deficit Total equity $ 457,600 B C D $3,222,800 Other information: . All of the shares were issued during the first year of operations (year ended October 31, 2019). The common shares were issued for an average price of $9.2 per share. The preferred shares were issued for an average price of $17.6 per share. Retained Earnings at October 31, 2019, was $380,000. No dividends had been paid for the year ended October 31, 2020. Prev 3 of 7 Next >