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At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year).
At December 31 the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,000. Shares issued, ? ; issue price $9 per share. Shares held as treasury stock, 10,700 shares, cost $7 per share. Net income for the current year, $549,180. Common Stock account, $157,000. Dividends declared and paid during the current year, $2 per share. Retained Earnings balance, beginning of year, $870,000.
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