1. Assume that in the first year of operation, Ning Co. Ltd. Had three issues of com mon shares. The first 2,000,000 shares existed in the company from January 1 u ntil the year end. The second 1,800,000 shares were issued at the beginning of t he third quarters. In the last quarter of the year, another 1,200,000 shares were is sued. Compute the weighted average number of shares outstanding in the busine SS. Answer: shares(1982,5.09) 2. Banana Co. issued 700,000 shares of common stock on January 1, 2015. On M arch 1, Mango Co. declared a cash dividend of 0.5 yuan per share on the 800,00 O shares of common stock outstanding. Record on April 20 and payable June 1 to stockholders. How much is the balance for dividend payable account on June 2 fo r the company? Answer: (1122,5.09) 3. Zero Corporation is authorized to issue 3,800,000 shares of 2 yuan par value o apital stock. The corporation issued a quarter of the stock for cash of 5 yuan pers hare, earned 2,600,000 yuan during the first year, and declared a cash dividend o f550,000 yuan. How much is the total paid-in capital of Zero Corporation after o ne year of operation? Answer: yuan (134,5.09) 4. Mr. Blue invests $66,000 for a one-third equity in the partnership of Mr Gree n and Miss Yellow. Prior to Mr Blue's admission, Mr Green had capital account bal ances of $61,000 while Miss Yellow had $68,000 in her capital account balances ; after Mr. Blue's admission, all three partners had equal equity in the firm. In recor ding Mr. Blue's investment, how much should Mr. Blue's capital account be credite d for