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At December 31, 2017, the records of Nortech Corporation provided the following selected and incomplete data: Common shares, no par value Shares authorized, 238,000 Shares

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At December 31, 2017, the records of Nortech Corporation provided the following selected and incomplete data: Common shares, no par value Shares authorized, 238,000 Shares issued,_?_; issue price $14 per share; cash collected in full Net earnings for 2017 Dividends declared and paid during 2017 Prior-period error, correction of 2016 accounting error (a credit, net of income tax) Retained earnings balance, January 1, 2017 $2,079,000 137,500 75,000 9,100 180,000 Required: 1. Complete the following tabulation: Shares authorized Shares issued Shares outstanding 2. Calculate the amount of Earnings per share. (Round the final answer to 2 decimal places.) Earnings per share 3. Calculate the amount of Dividend paid per common share. (Round the final answer to 2 decimal places.) Dividend per share 4. Complete the following. The prior-period error should be reported on the as an addition to 5. Calculate the amount of retained earnings available for dividends on January 1, 2017 Retained earnings available for dividends 5. Calculate the amount of retained earnings available for dividends on January 1, 2017. Retained earnings available for dividends Assume that the board of directors voted a 100 percent stock split (the number of shares will double). 6-a. After the stock split, calculate the average issue price per share? (Round the final answer to 2 decimal places.) Average issue price 6-b. After the stock split, calculate the number of outstanding shares? Shares outstanding

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