Question: Question #2 (16 marks) Total equity (Beginning) Total equity (Ending) NI C/S issued Dividends Preferred dividends C/S repurchased Retirement of P/stock $5615 5884 838 383

Question #2 (16 marks) Total equity (Beginning) Total equity (Ending) NI C/S issued Dividends Preferred dividends C/S repurchased Retirement of P/stock $5615 5884 838 383 434 40 301 37 (Note: all the numbers are dollar amounts) Required: Let D be the net payments to shareholders. Calculate D (4 marks) Let Cl be comprehensive income and OCI be other comprehensive income. Calculate OCI. Note that CI=NI + OCI. OCI (6 marks) 1 CI (2 marks) Let ABV be the change in Total equity. Show that the data satisfy the clean surplus restriction: ABV = CI-D (4 marks)

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