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Current Attempt in Progress Crane Technologies Inc. reported the following information related to its shareholders' equity on January 1: Common shares, 1,680,000 authorized. 840.000 shares
Current Attempt in Progress Crane Technologies Inc. reported the following information related to its shareholders' equity on January 1: Common shares, 1,680,000 authorized. 840.000 shares issued $2,520.000 Contributed surplus-reacquisition of common shares 14.290 Retained earnings 714.000 During the year, the following transactions related to common shares occurred in the order listed: Issued 35.000 shares at $4.00 per share. 2. Reacquired 10.000 shares at $3.00 per share. 3. Issued 5.000 shares at $4.78 per share. 4. Reacquired 19.000 shares at $4 per share. 5. Reacquired 76.000 shares at $3 per share. (a) Calculate the number of shares authorized and issued at the end of the year. Number of shares authorized 1680000 Number of shares issued (b) Determine the ending balances in each of the following accounts: Common Shares. Contributed Surplus-Reacquisition of Common Shares, and Retained Earnings. (Round the average issue price to two decimal places, eg. 5.27 and final answers to decimo places, e.g. 5,276.) Common shares Contributed Surplus-reacquisition of common shares Retained earnings
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