venir exchange corp had the following equity account balances at december 31 2013/

On November 1, 2014, the board of directors declared and paid the current year’s cash dividend on the preferred shares plus the two years of dividends in arrears. On the same day, a 10% common share dividend was declared and distributed; the market price per common share was $4.20. On December 1, 2014, 100,000 common shares were issued at $4.32. Net income earned during 2014 was $240,000.