4. Dynasty Corporation had stockholders' equity on January 1 as follows: Common Stock, $5 par value, 1,000,000 shares authorized, 400,000 shares issued; Paid-in Capital in Excess of Par Value, Common Stock, $800,000; Retained Earnings, $3,600,000, Prepare journal entries to record the following retirement transactions: a. On June 1, Dynasty repurchased and retire 5,000 shares for $4.00 each. b. On September 30, Dynasty repurchased and retire 1,000 shares for $9.00 each. c. What is the balance in the APIC - Retirement account after the September purchase? $_ Answer the following related to retired stock. a Retiring stock reduces the number of b. Retired stock is the same as stocks and stock c. When stocks are purchased and retired common stock and APIC-C/S accounts related to the shares are d. If the purchase price exceeds the net amount removed from all capital accounts, the excess is debited first to (not below zero then to e. If the purchase price exceeds the net amount removed from all capital accounts, the excess is f. A company's are always reduced by the amount paid for the retiring stock. and 5. Prepare the following formulas: a. Basic earnings per share (EPS) = b. Price Earnings ratio (PE) = c. Dividend yield = 6. Define Preferred stock preferences: a. Cumulative dividend b. Noncumulative dividend cCallable d. Convertible e. Nonparticipating dividend 1. Participating dividend