Karson Corp. received a charter authorizing 120,000 Ordinary Shares at $15 par value per share. During the first year of operations, 40,000 shares were sold at $28 per share. 600 shares were issued in payment of a current operating debt of $18,600. In the first year, the net income was $142,000. During the year, dividends of $36,000 were paid to stockholders. At the end of the year, total liabilities were $82,000.

Questions:

1. Compute the Total Equities.

2. Compute the Total Shareholder's Equity.

3. Compute the Total Contributed Capital.

4. Compute the Issued Share Capital (par).

5. Compute the Outstanding Share Capital (par).

6. Compute the unissued share capital (number of shares).

7. Compute the Total Assets.

8. Compute the Share Premium.

9. Compute the Retained Earnings at the end of the calendar period.

10. Compute the outstanding shares.