Mark Inc. has authorized share capital of an unlimited
number of common shares and 1,000,000 preferred, $3 preferred
shares. At January 1, 2019, the balance in its shareholders equity
includes $45,000 in common shares representing 15,000 shares and
$30,000 in preferred shares representing 1,000 shares and retained
earnings of $185,000. Profit for the year ending December 31, 2019
was $30,000. No dividends were declared during 2019.
During 2019, Mark Inc. had the following share transactions:
Mar 1 Issued 4,000 common...