Answer the questions below. You must show your work to earn full points. a. What is the amount of capital in excess of par? (Hint: Cash received = Common Stock + PIC) b. What was the amount of retained earnings at the beginning of the year? c. How many shares are in treasury stock? d. Compute earnings per share. \# 2 - If Grant Corporation has 120,000 shares of common stock authorized, 75,000 shares of common stock issued, and holds 3,000 shares of common stock as treasury stock. Calculate the total number of outstanding shares of Grant Corporation. You must show your work to earn full points. \#3 - On January 1, 2020, Mega Company started the year with a $250,000 credit balance in Retained Earnings and a $300,000 balance in Contributed Capital. During 2020, the company earned net income of $50,000, declared a dividend of $15,000 and issued more stock for $12,500. What is the total stockholders' equity at the company's fiscal year end? You must show your work to earn full points. #5 - If Henry and Kate's Company has $300,000 of sales revenue, pays $50,000 in dividends and has net income of $100,000, how much were the expenses for the year? Show your work in order to earn full points. \#6 - All of the following will affect the balance of Retained Earnings except a. Expenses incurred c. Revenues earned b. Dividends declared d. Investments by stockholders