1. Timberline corporation issued $600,000 of 7% 10-year bonds at 98 1/2 on one of its semiannual interest dates. Assuming straight-line amortization, after three years, what is the carrying value of the bonds?

2. Garnet corporation was organized by issuing 100,000 shares of $1 par value common stock at a price of $50 cash per share. During the first year, Garnet had net income of $250,000 and paid $50,000 dividends. what is the balance sheet amount for additional paid in capital at year-end?

3. The Andreas Corporation had 15,000 shares of common stock outstanding on January 1, and issued an additional 2,400 shares on October 1. There was no preferred stock outstanding. If Andreas reports earnings per share of $4.50 for the year ending December 31, how much is net income?

4. A corporation had 50,000 shares of $10 par value common stock outstanding on January 1, 20X6, issued 50,000 additional shares on July 1, 20X6, and had no preferred stock outstanding. At December 31, 20X6, total stockholders' equity was $4,250,000. What was the book value per share?