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1. What was the average cost per share of the treasury stock purchased by Composition during 2020 and 2021, respectively 2. What was the fair

1. What was the average cost per share of the treasury stock purchased by Composition during 2020 and 2021, respectively

2. What was the fair value of the treasury stock exchanged for asset acquisitions for 2020?

Paid-in capital— excess of par
Number of Treasury shares
Treasury stock amount
Retained earnings
BALANCES AT December 31, 2019 $ 0



(30,561 )

$ (524,321 )

$ 1,673,382

Net earnings
-



-



-



242,941

Sales of common stock under option plans
(5,181 )


377



10,738



-

Cash dividends declared on common stock: $0.5375 per share
-



-



-



(68,952 )
Compensation under employee incentive plans
(1,802 )


395



9,408



-

Treasury shares exchanged for Acquisitions
139,209



20,449



318,293



-

Purchase of shares for treasury
-



(6,668 )


(122,906 )


-

BALANCES AT December 31, 2020
132,226



(16,008 )


(308,788 )


1,847,371

Net earnings
-



-



-



81,965

Sales of common stock under option plans
(3,538 )


279



7,095



-

Cash dividends declared on common stock: $0.5475 per share
-



-



-



(72,903 )
Compensation under employee incentive plans
(196 )


366



8,271



-

Purchase of shares for treasury
-



(2,933 )


(48,678 )


-

BALANCES AT December 31, 2021 $ 128,492



(18,296 )

$ (342,100 )

$ 1,856,433


From the Statement of Cash Flows:
Cash flows from financing activities:


2021
2020
Dividends paid $ 72,244
$ 66,932

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