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At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock (par $10); no changes in

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At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock (par $10); no changes in account during the year. Shares authorized, 210,000. Shares issued $2,130,000. Treasury stock: 4,000 shares (repurchased at $22 per share). The treasury stock was acquired after a stock split was announced. Net income, $262,200. Dividends declared and paid: $140,760. Retained earnings beginning balance: $565,000 (all shares were issued at $15 per share. Total cash collected

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