Question 7

please answer this one! thank you!

View Policies Current Attempt in Progress At January 1, 2021, Sheridan Corporation had the following shareholders' equity- Share capital $1 Preferred shares, noncumulative, 25,000 shares authorized, 8200 shares issued Common shares, 1.000.000 shares authorized. 54000 shares issued $164000 Retained Earnings Total Shareholders' Equity 770000 934000 426000 $1360000 On March 12, 2021, when the common shares have a market value of $22. the board of directors declared and paid a 8% common stock dividend. On July 31, 2021, the board declared a 2-for-1 stock split on the common shares. During the year, the company paid cash dividends of $76000 and reported proht of $439000. At its December 31 year end, the balance in share capitalis? O $2376000. O $1029040. O $2058080. $934000 Surves for Later Attempts: 0 of 1 used Submit