Changes in stockholders' equity Listed are the equity sections of balance sheets for years 2018 and 2019 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders' equity has risen from $1,740,000 to $8,000,000. Use the statements to discover how and why this happened. The company paid total dividends of S220,000 during fiscal 2019. a. What was Mountain Air's net income for fiscal 2019? b. How many new sharos did the corporation issue and sell during the year? c. At what average price per share did the new stock sold during 2019 sell? d. At what price per share did Mountain Air's original 480,000 shares sell? X a. Mountain Air's net income fiscal 2019 is $(Round to the nearest dollar.) Data table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) e 2019 Mountain Air Ski Resorts, Inc. Balance Sheets (partial) Stockholders' Equity 2018 Common stock ($1.00 par) Authorized5,500,000 shares Outstanding 1,800,000 shares 2019 Outstanding480,000 shares 2018 $400.000 Paid-in capital in excess of par 460.000 Retained earnings Total stockholders' equity $1,740,000 S1,800,000 800,000 4.800.000 1,400,000 $8,000,000 Print Done