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help please witg these two questions. E11-1 L011-1 Computing Shares Outstanding In a recent annual report, Outerwall Ine. (formerly Redbox) disclosed that 60,000,000 shares of

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E11-1 L011-1 Computing Shares Outstanding In a recent annual report, Outerwall Ine. (formerly Redbox) disclosed that 60,000,000 shares of com- mon stock have been authorized. At the beginning of the fiscal year, a total of 36,356,357 shares had been issued and the number of shares in treasury stock was 7.171.269. During the year. 558,765 additional shares were issued, and the number of treasury shares increased by 3,034,188. Determine the number of shares outstanding at the end of the year. E11-4 11-1, 11-2, 11-3 Reporting Stockholders' Equity The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,600,000 $900,000 $1,000,000 90,000 80,000 $800,000 The common stock was sold at a price of $30 per share. Required: 1. What is the amount of additional paid-in capital? 2. What was the amount of retained earnings at the beginning of the year? 3. How many shares are in treasury stock? 4. Compute earnings per share (assume the weighted average shares outstanding is equal to the shares outstanding)

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