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he equity section from the December 3 1 , 2 0 2 3 balance sheet of Kentucky Corporation appeared as follows: 2 0 2 4

he equity section from the December 31,2023 balance sheet of Kentucky Corporation appeared as follows:
20242023
Contributed capital:
Common shares, 54,100 shares authorized; 23,040 and 21,300 shares issued and outstanding, respectively. $ 677,760 $ 602,790
Retained earnings 521,900476,900
The following transactions occurred during 2024(assume the retirements were the first ever recorded by Kentucky):
Jan. 5 A $1.40 per share cash dividend was declared, and the date of record was five days later.
Mar. 202,100 common shares were repurchased and retired at $28.30 per share.
Apr. 5 A $0.70 per share cash dividend was declared, and the date of record was five days later.
July 5 A $1.90 per share cash dividend was declared, and the date of record was five days later.
July 31 A 20.00% share dividend was declared when the market value was $35.00 per share.
Aug. 14 The share dividend was issued.
Oct. 5 A $1.50 per share cash dividend was declared, and the date of record was five days later.
Required:
1. How many shares were outstanding on each of the cash dividend dates?
2. How much profit did the company earn during 2024?
3. Prepare the statement of changes in equity for the year ended December 31,2024.(Deductible values should be indicated by a minus sign.)

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