A company had a beginning balance in retained earnings of $44,600. It had net income of $7,600 and paid out cash dividends of $6,025 in the current period. The ending balance in retained earnings equals:

$13,625.

$58,225

. $43,025.

$46,175.

$6,025.

Mayan Company had net income of $35,670. The weighted-average common shares outstanding were 8,700. The company sold 3,700 shares before the end of the year. There were no other stock transactions. The company's earnings per share is:

$5.36

. $7.13

. $2.88

. $4.10.

$9.64.

A corporation sold 13,000 shares of its $10 par value common stock at a cash price of $15 per share. The entry to record this transaction would include:

A credit to Common Stock for $130,000.

A debit to Paid-in Capital in Excess of Par Value, Common Stock for $65,000.

A credit to Paid-in Capital in Excess of Par Value, Common Stock for $195,000.

A credit to Common Stock for $195,000. A debit to Cash for $130,000.