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19. Given the following information for Langs, Inc., calculate per share dividend dollar amount (that is, the dividends per share), rounded to the nearest
19. Given the following information for Langs, Inc., calculate per share dividend dollar amount (that is, the dividends per share), rounded to the nearest cent (i.e., $5.21843 = $5.22) that the company paid out in 2021: Retained earnings reported on December 31, 2020 balance sheet: $4,816,200 Retained earnings reported on December 31, 2021 balance sheet: $5,326,800 Net Income reported on December 31, 2020 income statement: $658,700 Net Income reported on December 31, 2021 income statement: $747,900 Number of shares of common stock outstanding at the end of 2020: 206,600 shares Number of shares of common stock outstanding at the end of 2021: 220,000 shares 20. The Cochran Tire Company gathered the following condensed data for the year ended December 31, 2021: Account Cost of Goods Sold Net Sales Selling Expenses Interest Expense Administrative Expenses Common Stock Dividends Paid Income tax percentage Amount (or percentage) $105,762,400 $314,756,900 $38,476,100 $24,756,800 $106,574,900 $5,000,000 40% The Cochran Tire Company's assets at the beginning of 2021 were $9,100,000, and the assets were $9,518,000 at the end of 2021. What did the Cochran Tire Company report as net income on its 2021 income statement? 21. In 2021, the Kilmar Design Agency, Inc. purchased 2,985,600 units from its supplier at a cost of $62.00 per unit. Kilmar Design Agency sold 2,786,450 units of its product in 2021 at a price of $93.00 per unit. Kilmar Design Agency began 2021 with 349,500 units in inventory (inventory is carried at a cost of $62.00 per unit). Using this information, compute Kilmar Design Agency's gross profit for 2021. 22. Referring back to the previous question, compute Kilmar Design Agency's 2021 ending inventory balance in dollars (valued at cost per unit of $62.00).
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