Question: Question 2 You are given the information below to answer questions that follow: a. Sultan's PLC started Year-2019 with AED15,000,000 in retained earnings from Dec
Question 2 You are given the information below to answer questions that follow: a. Sultan's PLC started Year-2019 with AED15,000,000 in retained earnings from Dec 31, 2018. b. Sultan's PLC has 2,000,000 of Authorized Shares of Common Stock AEDs Par Value c. Sultan's PLC issued 1,000,000 Shares of Common Stock at AED20 during 2019. d. Sultan's PLC has 1,000,000 authorized AED7.50 Preferred Stock AED10 par value. e Sultan's PLC issued 500,000 Preferred Stock at AED15 during f. Sultan's PLC generated AED5,500,000 Net Income during the Year-2019. 8.On December 30, 2019, Sultan's PLC paid a dividend of AEDS per share of Common Stock. Required Use the information above to calculate the Retained Earnings and complete the Table below Sultan's PLC Statement of Changes in Retained Earnings For The Year Ended Dec 31, 2019 TTT Arial 3 (12pt) T
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