At December 31, 2011, the records of Nortech Corporation provided the following selected and incomplete data:

\section*{Required:}
1. Complete the following tabulation:
Shares authorized, \( \qquad \)
Shares issued, \( \qquad \)
Shares outstanding, \( \qquad \)
2. Earnings per share, \(\$\) \( \qquad \)
3. Dividend paid per common share, \(\$\) \( \qquad \)
4. The prior period adjustment should be reported on the \( \qquad \) as an addition to (or a deduction from \( \qquad \) ).

5. The amount of retained earnings available for dividends on January 1, 2011, was \(\$\)
6. Assume that the board of directors voted a 100 percent stock split (the number of shares will double). After the stock split, the average issue price per share will be \(\$\) \( \qquad \) and the number of outstanding shares will be \( \qquad \)
7. Assume that the company declared a 100 percent stock dividend instead of the 100 percent stock split. Compare and contrast the stock dividend and the stock split with regard to their effects on shareholders' equity components.

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Common shares, no par value Shares authorized, 200,000. Shares issued, Profit for 2011. $118,000. ; issue price $17 per share; cash collected in full. $2,125,000. Dividends declared and paid during 2011, $75,000. Prior period adjustment, correction of 2010 accounting error, $9,000 (a credit, net of income tax). Retained earnings balance, January 1, 2011, $155,000.