Chapter 11 Homework Saved 4 At December 31, the records of Nortech Corporation provided the following selected and incomplete data: Common stock (par $1; no changes during the current year). Shares authorized, 500,000. Shares issued, 2: issue price $12 per share. Common Stock account, $100,000 Shares held as treasury stock, 2,000 shares, cost $10 per share. Net income for the current year, $24,500. Dividends declared and paid during the current year, $14,700. Retained Earnings balance, beginning of the year, $145,000 14.28 points 03:37.06 eBook Print Required: ReferencesComplete the following: TIP: To determine the number of shares issued, divide the balance in the Common Stock account by the par value per share. (Round "per share" answers to 2 decimal places.) 1- Shares Authorized 1- Shares Issued 1-c. Shares Outstanding 2. The Balance in Additional Paid-in Capital would be 3. Earnings per Share is 4. Dividends Paid per Share of Common Stock is 5. Treasury Stock should be Reported in the Stockholders Equity Section of the Balance Sheet in the Amount of Assume that the Board of Directors Approved a 2-for-1 Stock Split. After the Stock Split the Par Value per Share will be 6. Prey 4 of 7 Next