Disco Corporation's balance sheet as of December 31,2024 , follows: During 2025, Disco Corporation had the following transactions: (Click the icon to view the partial balance sheet.) (Click the icon to view the transactions.) Read the requirements. Explanations column and leave the remaining cells blank.) Jan 1: Issued 110,000 shares of common stock for $15 per share. Data table 1. Journalize Disco's transactions for 2025. 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2025. Assume Disco had net income of $24,000,000 during 2025 and that Cash Dividends and Stock Dividends have been olosed to the Retained Earnings account, 3. Determine Disco's eamings per share for 2025. 4. Assuming Disco's market value per common share as of December 31, 2025, was \$23, calculate Disco's price/earnings ratio for 2025. More info Jan. 1 Issued 110,000 shares of common stock for $15 per share. Feb. 15 Issued 70,000 shares of common stock for $13 per share. Mar. 1 Declared a S0.60 per share cash dividend on its common stock to be paid on March 30. Date of record: March 15. Mar. 30 Paid the cash dividend to stockholders. Nov. 1 Declared a 2% common stock dividend on all common stock outstanding. Current market price of the stock was S13. Date of record: Now. 15. Nov. 30 Distributed stock to stockholders. Dec. 1 Purchased 12,DDD shares of treasury stock - common at $19 per share. Dec. 20 Soki 4,000 shares of treasury siock - common at 522 per share. Disco Corporation's balance sheet as of December 31,2024 , follows: During 2025, Disco Corporation had the following transactions: (Click the icon to view the partial balance sheet.) (Click the icon to view the transactions.) Read the requirements. Explanations column and leave the remaining cells blank.) Jan 1: Issued 110,000 shares of common stock for $15 per share. Data table 1. Journalize Disco's transactions for 2025. 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2025. Assume Disco had net income of $24,000,000 during 2025 and that Cash Dividends and Stock Dividends have been olosed to the Retained Earnings account, 3. Determine Disco's eamings per share for 2025. 4. Assuming Disco's market value per common share as of December 31, 2025, was \$23, calculate Disco's price/earnings ratio for 2025. More info Jan. 1 Issued 110,000 shares of common stock for $15 per share. Feb. 15 Issued 70,000 shares of common stock for $13 per share. Mar. 1 Declared a S0.60 per share cash dividend on its common stock to be paid on March 30. Date of record: March 15. Mar. 30 Paid the cash dividend to stockholders. Nov. 1 Declared a 2% common stock dividend on all common stock outstanding. Current market price of the stock was S13. Date of record: Now. 15. Nov. 30 Distributed stock to stockholders. Dec. 1 Purchased 12,DDD shares of treasury stock - common at $19 per share. Dec. 20 Soki 4,000 shares of treasury siock - common at 522 per share
