Question:

Use the information provided below to answer the following questions. Victoria Products Inc. Equity Section of the Balance Sheet October 31, 2020 Contributed capital: Preferred shares, $3 non-cumulative; unlimited shares authorized, A shares issued and outstanding 647,500 Common shares, unlimited shares authorized, 330,000 shares issued and outstanding Total contributed capital Deficit Total equity $ 3, 783, 500 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 $10.1 per share. The preferred shares were issued for an average price of $18.5 per share. Retained Earnings at October 31, 2019, was $389,000. No dividends had been paid for the year ended October 31, 2020. Required: 1. Calculate A. Number of Preferred shares 2. Calculate B. Common shares2. Calculate B. Common shares 3. Calculate C. Total contributed capital 4. Calculate D. Deficit 5. Calculate Profit/Loss for the year ended October 31, 2020.5. Calculate Profit/Loss for the year ended October 31, 2020. 6. Assume cash dividends of $125,000 were paid during the year ended October 31, 2019. Calculate the total dividends actually paid during the year ended October 31, 2019, to the: Total Dividends a. Preferred shareholders b. Common shareholders 7. Referring to your answers in Part 6 above, calculate the dividends per share actually received by the: (Round your final answers to 2 decimal places.) Dividends per Share a. Preferred shareholders b. Common shareholders