Chapter 13 Assignment (6Qs) i Saved Help Save & Exit Submit Required: 3 1. How many shares were outstanding on each of the cash dividend dates? Jan. 5 Apr. 5 July 5 Oct. 5 Outstanding shares 15 points eBook Print 2. How much profit did the company earn during 2021? Profit Mc Graw Hill EducationChapter 13 Assignment (6Qs) i Saved Help Save & Exit Submit 3 3. Prepare the statement of changes in equity for the year ended December 31, 2021. (Deductible values should be indicated by a minus sign.) 15 points KENTUCKY CORPORATION Statement of Changes in Equity eBook For Year Ended December 31, 2021 Print Common Retained Shares Earnings Total Equity Balance, January 1 $ O O $ O $ 0 Balance, December 31 $ 0 $ 0 $ 0 Mc Graw Hill EducationChapter 13 Assignment [6Qs] 0 Saved 15 points. eBoDk Print r. v The equity section from the December 31, 2020 balance sheet of Kentucky Corporation appeared as follows: Contributed capital: Common shares, 57,388 shares authorized; 25,568 and 23,382 shares issued and outstanding, respectively. Retained earnings 2921 2320 $571,503 $536,489 533,390 sad-me The following transactions occurred during 2021 [assume the retirements were the rst ever recorded by Kentucky): Jan. 5 A $1.40 per share cash dividend was declared, and the date Mar. 29 1,836 common shares were repurchased and retired at $23.38 Apr. 5 A $1.00 per share cash dividend was declared, and the date July 5 A $2.96 per share cash dividend was declared, and the date July 31 A 23.06% share dividend was declared when the market value Aug. 14 The share dividend was issued. Oct. 5 A $116 per share cash dividend was declared, and the date Required: of record was five days later. per share. of record was five days later. of record was five days later. was $37.69 per share. of record was five days later. 1. How many shares were outstanding on each ofthe cash dividend dates? Help Save a Exit Submit