At December 31, 2013, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common

Question:

At December 31, 2013, the records of Kozmetsky provided the following selected and incomplete data:
Common stock (par $2; no changes during 2013).
Shares authorized, 5,000,000.
Shares issued, __?__ ; issue price $8 per share.
Shares held as treasury stock, 10,000 shares, cost $6 per share.
Net income for 2013, $481,000.
Common Stock account $150,000.
Dividends declared and paid during 2013, $2 per share.
Retained Earnings balance, January 1, 2013, $800,000.
Required:
1. Complete the following:
Shares issued .
Shares outstanding .
2. The balance in Additional Paid-in Capital would be $ .
3. Earnings per share is $ . Round your answer to two decimal places.
4. Total dividends paid on during 2013 is $ .
5. Treasury stock should be reported in the stockholders' equity section of the in the amount of $ .
6. Assume that the board of directors voted a 2-for-1 stock split. After the stock split, the per share will be $ .
7. Disregard the stock split (assumed above). Assume instead that a 100 percent stock was declared and issued after the treasury stock had been acquired, when the market price of the was $10. Explain how stockholders' equity will change?
Common Stock
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