Question: Solve with explanation please Question #2. (16 marks) Total equity (Beginning) $5615 Total equity (Ending) 5884 NI 838 C/S issued 383 Dividends 434 Preferred dividends

Solve with explanation please

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

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