ere to search The shareholders' equity accounts of Sheridan Inc. at December 31, 2023, are as follows. Preferred shares, $3 noncumulative, unlimited number authorized, 2,000 issued Common shares, unlimited number authorized, 150,000 issued Retained earnings Accumulated other comprehensive loss Feb. July Sheridan has a 35% income tax rate. During the following fiscal year ended December 31, 2024, the company had the following transactions and events: Dec. Dec. Dec 12 1 18 TI $200,000 750,000 1 Repurchased 10,000 common shares for $40,000. Announced a 2-for-1 preferred stock split. The market price of the preferred shares at the date of announcement was $150. 31 430,000 (40,000) Declared the annual cash dividend ($1.50 post-split) to the preferred shareholders of record on January 10, 2025, payable on January 31, 2025. Declared a 10% stock dividend to common shareholders of record at December 20, distributable on January 12, 2025. The fair value of the common shares was $10 per share. Determined that for 2024, profit before income tax was $320,000 and other comprehensive Income, net of income tax expense of $41,300, was $76,700.
The shareholders' equity accounts of Sheridan inc at December 31, 2023, are as follows: Sheridan has a 35% income tax rate During the following fiscal year ended December 31,2024 , the company had the following transactions and events: Feb. 1 Repurchased 10,000 comimon shares for $40,000. July Announced a 2 for-1 preferred stock split. The market price of the preferred shares at the date of announcement. was $150. Dec 1 Declared the annual cash dividend ( $1.50 post-split) to the preferred shareholders of record on Jarusry 10,2025, payable on January 31,2025. Dec 18 Declared a 10x stock dividend to common shareholders of record at December 20, diatributable on January 12 2025. The fair value of the common shares was $10 per share. Dec 31 Determined that for 2024, proft before income tax was $320.000 and other comprehensive income, net of income taxexpense of $41.300 was $76.700. Sheridas has a 354 inciome taxiate. Durine the following fical rear ended December 32.2024 , the compary had the following. tranctions and events: Fite it Revurchased 10,000 commonshares for s40000 was 5150 : Darnbile ondanuarva1, zoes. ANINC inshareholders' Equity Accumulated Other Comprehensive Income (Loss) Total $ $
