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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,
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, 296,500 Shares issued, ? ;issue price $14 per share; cash collected in full Net earnings Dividends declared and paid Prior-period error, correction of an accounting error (a credit, net of income tax) Retained earnings, beginning balance $2,576,000 155,000 89,000 7,000 155,000 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.)
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