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Kaye Biotech Inc. had the following equity account balances at December 31,2022 : On February 1. 2023, 6.000 preferred shares were issued at $8.70 each. The board of directors declared and paid the annual cash dividend on the preferred shares on June 30,2023 , and a 13% common share dividend was declared and distributed on the same day when the market price per common share was $4.70. On October 1,2023,22,000 common shares were issued at $4.84 each. Profit earned during 2023 was $418,800. Required: Using the information provided, prepare the statement of changes in equity for the year ended December 31, 2023. (Amounts to be deducted should be indicated by o minus sign.) The income statement for Weatherford International Inc's year ended December 31, 2023, was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority is to correct the statement. All amounts included in the statement are before tax (assume a rate of 20\%). The company had 111,000 common shares issued and outstanding throughout the year, as well as 22,200 shares of $1.20 cumulative preferred shares issued and outstanding. Retained earnings at December 31,2022 , were $334,300. Required: Prepare a corrected Income statement, including earnings per share information. (Negative answers should be indicated by a minus sign in the other revenues and expenses section and the discontinued operations section. Round the "Earnings per Share" onswers to 2 decimal ploces.) \begin{tabular}{|l|} \hline \multicolumn{2}{|c|}{ Earnings per share of common shares outstanding } \\ \hline Profit from continuing operations \\ \hline Loss from discontinued operations \\ \hline Profit \\ \hline \end{tabular} AlM Inc. showed the following equity account balances on the December 31,2022 , balance sheet: During 2023, the following selected transactions occurred: Feb.10 Repurchased and retired 213,300 conon shares at $10.00 per share; this is the first retirenent recorded by AIM. May 15 Declared a 2:1 share split to shareholders of record on June 1, distributable June 15 . Dec. 1 beclared a 10x share dividend to shareholders of record on Decenber 10, distributable Deceaber 20. the market prices of the shares on Deceeber 1 , Decesber 10 , and Decenber 20 were $6.00$7.00, and $5.50, respectively. 20 Distributed the share dividend declared Deceaber 1. 31 closed the credit balance of 5879,775 in the Incoee sumary account. Required: 0. Journalize the transactions above (assuming the retirements were the first ever recorded by AlM Inc). The company does not use a share dividends account. (If no entry is required for o transaction/event, select "No journal entry required" in the first account field.) Record the declaration by the directors of a 2:1 share split effective on this date. Note: Enter debits before credits. b. Prepare the equity section on the December 31,2023 , balance sheet

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