In Year 1, Stock to the Hand, Inc., issued 70,000 shares of the 600,000 shares of $0.70 par value common stock it is allowed to sell. The total received from issuing its common stock is $700,000. Stock to the Hand bought back 7,000 shares of its stock at a cost of $17 each. It also declared and paid a $0.60 per share dividend to its common shareholders. What is the number of shares issued? QUESTION 43 On June 30 , the board of directors of Dive Inn, Inc., declared a cash dividend of $0.20 per share on its $2 par value, 100,000 common shares outstanding. The date of record is the close of business on July 7 , payable July 31 . The entry to record the declaration of the dividend on June 30 includes (Select all that apply.) debit Dividends $200,000 There is no entry made on June 30. debit Dividends Payable $20,000 credit Dividends Payable $2,000 credit Cash $200,000 credit Dividends Payable $20,000 credit Cash $20,000 debit Dividends $20,000 Lox, Stock \& Bagel, Inc.'s, balance sheet reported the following amounts on its year-end balance sheet: uw llally sllales ui stuck vvele Issutu