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05.4. A company has the following transactions over its 4-year history: Year I Incorporates, issues stock for $400 million, earns $25 million Year 2 Earns
05.4. A company has the following transactions over its 4-year history: Year I Incorporates, issues stock for $400 million, earns $25 million Year 2 Earns $35 million, pays $5 million dividend Year 3 Repurchase $50 million of stock, has net loss of $15 million pays $5 million dividend Year 4 Issues stock for $575 million, earns income of $55 million pays $10 million dividend Calculate the Share Capital and Retained Earnings balances at the end of each year
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