Pharma Shop Ltd was a mid sized public company that

had #303
Pharma Shop Ltd. was a mid-sized public company that had been in operation for many years.
On December 31, 2010, it had an unlimited number of common shares authorized and
5,200,000 shares issued at an average value of $25 per share. As well, there were 5,000,000
preferred shares authorized, with 250,000 of them issued at $20 per share. The balance in
retained earnings was $26,610,000. The balance in accumulated other comprehensive income
was $525,000. The preferred shares paid an annual dividend of $2 per share. During 2011, the
following transactions affected shareholders' equity:1. In total, 200,000 common shares were
issued at $30 per share.2. The preferred dividend for the year was declared and paid.3. A 10%
common stock dividend was declared when the market price was $33 per share. The shares
were distributed one month after the declaration.4. In early December 2011, a dividend of $1.50
per share was declared on the common shares. The date of record was December 15, 2011.
The dividend will be paid the following year.5. The company earned income of $14,820,000 and
had another comprehensive loss of $145,000.6. On December 31, 2011, the company declared
a two-for-one stock split on common shares.Required:a. Use a spreadsheet or table format like
the one in the practice problem to track all of the changes in the shareholders' equity accounts
in 2011.b. Prepare the statement of changes in shareholders' equity for 2011 and the
shareholders' equity section of the statement of financial position as at the end of 2011. View
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Pharma Shop Ltd was a mid sized public company that had

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