Homework: Homework: Chapter 3 Question 4, P3-9 (book/static) Part 1 of 4 HW Score: 30%, 30 of 100 points O Points: 0 of 15 Save Changes in stockholders' equity Listed are the equity sections of balance sheets for years 2018 and 2019 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders' equity has risen from $2,000,000 to $7,500,000. Use the statements to discover how and why this happened. The company paid total dividends of $200,000 during fiscal 2019. a. What was Mountain Air's net income for fiscal 2019? b. How many new shares did the corporation issue and sell during the year? c. At what average price per share did the new stock sold during 2019 sell? d. At what price per share did Mountain Air's original 500,000 shares sell? . a. Mountain Air's net income for fiscal 2019 is $ (Round to the nearest dollar.) - X Data table (Click the icon here e in order to copy the contents of the data table below into a spreadsheet.) 2019 Mountain Air Ski Resorts, Inc. Balance Sheets (partial) Stockholders' Equity 2018 Common stock ($1.00 par) Authorized5,000,000 shares Outstanding1,500,000 shares 2019 Outstanding500,000 shares 2018 $500,000 Paid-in capital in excess of par 500,000 Retained earnings 1,000,000 Total stockholders' equity $2,000,000 $1,500,000 4.500.000 1,500.000 $7,500,000 Print Done