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Accounting for Stock Dividends and Stock Splits The Irvine Corporation reported the following data at year-end: Common stock, par value 53 $300,000 Additional paid-in-capital 900.000

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Accounting for Stock Dividends and Stock Splits The Irvine Corporation reported the following data at year-end: Common stock, par value 53 $300,000 Additional paid-in-capital 900.000 Retained earnings 4,200,000 Treasury shares (1.800,000) Other comprehensive income 600,000 Total shareholders equity 54.200.000 The following transactions occurred during the year in the following sequence 1. Declared and distributed a 10% stock dividend on the outstanding common shares at a time when the common shares were selling for 545 per share 2. Declared a 3-for-2 forward stock split on the outstanding common shares 3. Declared and issued a 20% stock dividend on the outstanding common shares at a time when the shares were selling for 590 per share 4. Declared a 2-for-1 forward stock split on the outstanding common shares Calculate the par value per share and number of shares outstanding at year-end. Prepare the shareholders' equity section of the balance sheet for the Irvine Corporation at year-end Do not round until your final answers, Par value per share at year end. Round to two decimal places. 50 Number of shares outstanding at year end. Round to nearest whole number O Do not use rounded answers in your calculations. Enter all answers in the nearest whole number Calculate the par value per share and number of shares outstanding at year-end. Prepare the shareholders' equity section of the balance sheet for the Irvine Corporation at year-end Do not round until your final answers. Par value per share at year end. Round to two decimal places. $ 0 Number of shares outstanding at year end, Round to nearest whole number 0 Do not use rounded answers in your calculations. Enter all answers in the nearest whole number The Irvine Corporation Shareholders' Equity Year End Common stock, por value Additional paid in-capital 0 Retained earnings 0 Treasury stock Other comprehensive income Total shareholders' equity D

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