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Lucas company reports net income of $2520 for the year ended December 31, 2019, its first year of operations. on January 4, 2019, Lucas issue
Lucas company reports net income of $2520 for the year ended December 31, 2019, its first year of operations. on January 4, 2019, Lucas issue 9,000 shares of common stock. on August 2, 2019 issued additional 3,600 of star, resulting in 12,600 shares outstanding at year-end. during 2020, Lucas and a net income of $17,120. Issued 2000 additional shares of stock on March 3, 2020, and declared and issued a two for one stock split on November 3, 2020, resulting in 29,200 shares outstanding at year end. During 2021, Lucas earned net income of $28,032. The only common stock transactions during 2021 was a 20% stock dividend issued on July 2, 2021
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