On January 1, JDS Ltd. had 40,000 common shares outstanding, recorded at $104,000, and $580,000 in retained earnings. On May 1 JDS issued an additional 9,000 common shares at $18 per share on July 1, the company declared a $0.70 per share cash dividend with a record date of July 15 and issue date of July 24. Instructions: Answer the following questions. Enter dollar amounts with no dollar signs or commas (e.g., 4596). a) After the issue of common shares, how many common shares are The account, common shares will have a outstanding after the stock is issued. balance of I b) On July 1, you would credit