Question: Question #4. (15 marks) Total equity (Beginning) Total equity (Ending) NI C/S issued Dividends Preferred dividends C/S repurchased Retirement of P/stock $5615 5884 848 434

Question #4. (15 marks) Total equity (Beginning) Total equity (Ending) NI

Question #4. (15 marks) Total equity (Beginning) Total equity (Ending) NI C/S issued Dividends Preferred dividends C/S repurchased Retirement of P/stock $5615 5884 848 434 3834 50 302 47 (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 (5 marks) 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) Hint: view retirement as a repurchase. (That is, a retirement of shares is tantamount to a repurchase of shares)

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