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At the end of the year, the records of Nortech Corporation provided the following selected and incomplete data: Common shares, no par value Shares authorized,

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At the end of the year, the records of Nortech Corporation provided the following selected and incomplete data: Common shares, no par value Shares authorized, 236,500 Shares issued, 2 _3issue price $18 per share; cash collected in full Net earnings Dividends declared and paid Prior-period error, correction of an accounting error {a eredis, net of income tax) Retained earnings, beginning balance $2,709,000 140,000 27,000 8,900 170,000 Required: 1. Complete the following tabulation: Shares authorized Shares issued Shares outstanding 236,500 2,709,000 150.500 2. Calculate the amount of Earnings per share. (Round the final answer to 2 decimal places.) Earnings per share s 0.99 3. Calculate the amount of Dividend paid per common share. (Round the final answer to 2 decimal places.) Dividend per non ha 050 4. Complete the following The po porodu 5. Calculate the amount of retained earnings available for dividends at the beginning of the year. Retnined earnings available for dividends Assume that the board of directors voted for 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 Assume that the company declared a 100 percent stock dividend instead of the 100 percent stock split. The market price of the common share was $21 when the dividend was declared. 7-a. Does issuing a 100% stock dividend instead of a 100% stock spot have any effects on shareholders equity components? ves ONO 7.b. Prepare the journal entry for the declaration of 100 percent stock dividend(If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Assume that the company declared a 100 percent stock dividend instead of the 100 percent stock split. The market price of the common share was $21 when the dividend was declared. 7-a. Does issuing a 100% stock dividend instead of a 100% stock split have any effects on shareholders' equity components? O Yes O NO 7-b. Prepare the journal entry for the declaration of 100 percent stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for issuing 100% Stock dividend. Not Enter debits before credits Debit General Journal Transaction Credit Vw gal Racord entry Clear entry

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