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Share capital $1 preferred shares, noncumulative, 25000 shares authorized, 8200 shares issued...

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Accounting

Share capital
$1 preferred shares, noncumulative,
25000 shares authorized, 8200 shares issued $164000
Common shares, 1000000 shares authorized
54000 shares issued, $770000
Retained earnings $426000
Total shareholders' equity $1360000
On March 12,2024, when the common shares had a market value of $22, the board of directors declared and paid a 8% comn
dividend. On July 31,2024, the board declared a 2-for-1 stock split on the common shares. During the year, the company paic
dividends of $7600 and reported profit of $439000. At its December 31 year end, the balance in share capital is? A.$2058080 B.$2376000 C.$934000 D.$1029040

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