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  3. thyme is money had the following items in the shar

Thyme is Money had the following items in the shareholders' equity section of its balance...

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Accounting

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Thyme is Money had the following items in the shareholders' equity section of its balance sheet: - Preferred Shares (8,000 shares issued and outstanding, $1 per share dividend, non-cumulative): $160,000 - Common Shares (50,0Po shares issued and outstanding): $750,000 Retained Earnings: $425,000 During the year, the board of directors declared and paid a 10% stock dividend on its common shares when the fair market value of the shares was $18 per share. The board of directors also declared a 2- for- 1 stock split on the common shares during the year. Lastly, $80,000 of cash dividends were paid during the year. Thyme is Money reported $435,000 of net income. At the end of the year, what is the balance of common shares on the balance sheet

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