The following information was taken from the statement of shareholders€™ equity of Kidd Sports as of December 31, 2018. The par value of Kidd stock is $1, and as of the beginning of 2018, the company held 1,500 shares in treasury.

a. Kidd issued common stock at one time prior to 2018. How many shares were issued and at what price per share?
b. Kidd purchased treasury stock at one time prior to 2018. How many shares were purchased and at what price?
c. At what price were the stock options exercised, and how did that price compare to the market value of Kidd stock at the time? Assume that the stock options were exercised immediately prior to the issuance of the stock dividend, which was recorded at market value.
d. Compute the per-share dividend rate paid by Kidd during 2018, assuming that the cash dividends were declared prior to the stock dividend but after the stock options were exercised.

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Additional Paid-In Capital Treasury Stock ($18,000) Common Stock Retained Earnings Beginning balances Exercised stock options $8,000 $32,000 $27,000 (2,750) 3,000 Net income 5,600 (3,500) (10,500) Cash dividends Stock dividend Ending balances 700 9,800 $8,700 $41,800 $ 15,850 ($15,000)