24. The 2001 Annual Report of Eastman Kodak contains the following information. (in Millions) Total assets Total liabilities Net sales Not income December 31, 2001 $13.362 10,468 13,234 December 31, 2000 $14,212 10,784 13,094 1,407 Instructions Compute the following ratios for Eastman Kodak for 2001. (a) Asset turnover ratio. (b) Rate of return on assets. (c) Profit margin on sales.. If a coal deposit has 250,000 tons available and was purchased for $250,000, record the removal of 40,000 tons in year 1 and 45,000 tons in year 2. On May 31, Mason has the following stockholders' equity: Common Stock $10 par value, 6000 shares issued and outstanding $60,000 Retained Earnings 20,000 TOTAL STOCKHOLDER'S EQUITY $80,000 The board of directors declared a 10 % stock dividend on June5 to the stockholders of record on June 15. The stock is to be distributed on June 30. On the date of declaration, the stock had a market value of $15 per share.Prepare the appropriate journal entries for these transactions