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Tantramar Corporation has the following shareholders equity on July 31, 2020: Shareholders' equity: Share capital...

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Accounting

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Tantramar Corporation has the following shareholders equity on July 31, 2020: Shareholders' equity: Share capital $ 10 preferred shares, cumulative 10,000 shares authorized, 5,000 shares issued $ 2,000,000 Common shares, 600,000 shares authorized, 10,000 shres issued 300,000 Total share capital 2,300,000 Retained earnings 500.000 Total shareholders' equity $ 2,800,000 Assume that on June 15, 2021, Tantramar paid the preferred dividend for the current year (there were no dividends in arrears) and paid a dividend of $ 2 to each common shareholder. The company earned $ 45,000 in profit during 2021. The July 31, 2021 financial statements will show an ending balance in retained earnings of what amount? Enter your response in whole numbers only, with NO dollar sign and NO decimal, and NO comma's, in fact, no alpha-numeric keystrokes of any kind. JUST the numbers as keystrokes. For instance, $49,200.00 must be entered as 49200 and nothing else, just those 5 keystrokes. Round all numbers off to the nearest whole number. Anything else will be marked as incorrect, so be very careful with your entered

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