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25. Given the following information for Langs, Inc., calculate per share dividend dollar amount (that is, the dividends per share), rounded to the nearest
25. 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; Net Income reported on December 31, 2020 income statement = $658,700; Number of shares of common stock outstanding at the end of 2020: 206,600 shares Retained earnings reported on December 31, 2021 balance sheet: $5,326,800; Net Income reported on December 31, 2021 income statement: $747,900; Number of shares of common stock outstanding at the end of 2021: 220,000 shares
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