Datacom Services Inc: reported the following statement of changes in shareholders equity for the year ended October 31,2020

{Requirements}
Answer these questions about Datacom Services's shareholders' equity transactions:
1. If Datacom's income tax rate is \(33 \%\), much income before income tax did Datacom report on the income statement?
2. What is the stated value of a common share at October 31, 2020?
3. At what price per share did Datacom Services issue its common shares during the year?
4. Datacom Services's statement lists the share transactions in the order they occurred. What was the percentage of the stock dividend?

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(in millions) Balance, Oct. 31, 2019, 675 shares outstanding.. Net income.. Cash dividends.. Datacom Services Inc. Statement of Changes in Shareholders' Equity For the Year Ended October 31, 2020 Issuance of shares (13 shares).. Stock dividend (55 shares). Balance, Oct. 31, 2020. Common Shares $2,025 Retained Earnings Total $904 $2,929 360 360 (194) (194) 49 49 166 (166) $2,240 $904 $3,144