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1. Situation: Monsanto Corporation was incorporated in 2021. During 2021 , the company issued 100,000 shares of $1 par value common stock for $27 per
1. Situation: Monsanto Corporation was incorporated in 2021. During 2021 , the company issued 100,000 shares of $1 par value common stock for $27 per share. During 2022 , the company had the following transactions. Note: Nothing is required by the student for this section. Monsanto had net income of $400,000. 2. Analysis of Transactions: Indicate the impact that the transactions shown above had on its stockholders' equity accounts. Place the appropriate amounts in the table cells below. Note that all account headings are not affected by an event. If this is the case, place NE in cell. 3. Balance Sheet Disclosures: Prepare the stockholders' equity section of the balance sheet at EOY 2022 by completing the following schedule (EOY amounts). 4. Calculation of Basic Earnings Per Share: Calculate basic earnings per share. Show the components of your solution in the table below. 5. Calculation of Diluted Earnings Per Share: Calculate diluted earnings per share. Show the components of your solution in the table below. 1. Situation: Monsanto Corporation was incorporated in 2021. During 2021 , the company issued 100,000 shares of $1 par value common stock for $27 per share. During 2022 , the company had the following transactions. Note: Nothing is required by the student for this section. Monsanto had net income of $400,000. 2. Analysis of Transactions: Indicate the impact that the transactions shown above had on its stockholders' equity accounts. Place the appropriate amounts in the table cells below. Note that all account headings are not affected by an event. If this is the case, place NE in cell. 3. Balance Sheet Disclosures: Prepare the stockholders' equity section of the balance sheet at EOY 2022 by completing the following schedule (EOY amounts). 4. Calculation of Basic Earnings Per Share: Calculate basic earnings per share. Show the components of your solution in the table below. 5. Calculation of Diluted Earnings Per Share: Calculate diluted earnings per share. Show the components of your solution in the table below
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