Use the following information for questions. Instanbul Corp.has outstanding 20,000 no par value, $0.80, preferred shares and 100,000 no par value common shares.Dividends have been paid every year except last year and the current year.The carrying value of the preferred shares is $200,000 and of the common shares is $300,000.
-Presented below is information related to Madrid Corporation: 
The total shareholders' equity of Madrid Corporation is
Definitions:
Extreme Circumstances
Situations that are highly unusual or exceptional, often involving severe stress or urgency.
Negatively Free
A condition where freedom is defined by the absence of external constraints or limitations on one's actions, as opposed to being enabled to pursue certain goals (positive freedom).
Kant
Immanuel Kant was an 18th-century German philosopher who made significant contributions to metaphysics, epistemology, ethics, and aesthetics, notably known for his work "Critique of Pure Reason."
Acting Freely
Engaging in actions willingly and autonomously, making choices that are not coerced or predetermined by external forces.
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