At the end of the year, the records of NCIS Corporation provided the following selected and

incomplete data:

• Common shares: $10 par value at the beginning of the year

• Shares authorised: 200,000

• Shares issued: all shares were issued at $17 per shares. Total cash collected:

  $2,125,000

• There was a 2:1 stock split during the year.

• Treasury stock: 3,000 shares (repurchased at $20 per share).

• Treasury stock acquired after the stock split.

• Net income $240,340.

• Dividends declared and paid $123,220.

• Retained earnings balance at the beginning of the year: $555,000.

  Required:

1. Determine the number of authorised, issued and outstanding shares at the end of the year.

2. What is the balance of the share premium account?

3. What was the dividend paid per share?

4. In what section of the balance sheet should the treasury stock be reported and for what

   amount?

5. What is the par value per share at the end of the year?

6. Provide, if necessary, the journal entry to record the stock split. If no journal is required

   explain why.