On June 30, 2018, Padres, Inc. showed the following data on the equity section of their balance sheet:

Stockholders' Equity
Common Stock, $1.00 par; 210,000 shares authorized, 152,000 shares issued and outstanding	$152,000
PaidIn Capital in Excess of ParCommon	$263,000
Retained Earnings	946,000
Total Stockholder's Equity	$1,361,000

On July 1, 2018, the company declared and distributed a

10%

stock dividend. The market value of the stock at that time was

$21.00

per share. Following thistransaction, what is the number of shares issued?

A.

303,300

B.

78,700

C.

152,000

D.

167,200

Dental, Inc. uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2019:

Dental, Inc.
Comparative Balance Sheet
December 31, 2019 and 2018
	2019	2018	Increase (Decrease)
Cash	$37,300	$17,300	$20,000
Accounts Receivable	26,300	33,300	(7,000)
Merchandise Inventory	54,400	27,400	27,000
PP&E, net	126,000	92,000	34,000
Total Assets	$244,000	$170,000	$74,000
Accounts Payable	8,900	12,900	$(4,000)
Accrued Liabilities	5,700	1,700	4,000
Longterm Notes Payable	71,400	80,400	(9,000)
Total Liabilities	$86,000	$95,000	$(9,000)
Common Stock	$55,000	$3,000	$52,000
Retained Earnings	115,000	78,000	37,000
Treasury Stock	(12,000)	(6,000)	(6,000)
Total Stockholders' Equity	$158,000	$75,000	$83,000
Total Liabilities and Stockholders' Equity	$244,000	$170,000	$74,000

Dental, Inc.
Income Statement
December 31, 2019
Sales Revenue	$290,000
Interest Revenue	2,300
Gain on Sale of Plant Assets	6,000
Total Revenues and Gains		$298,300
Cost of Goods Sold	146,100
Salaries and Wages Expense	49,400
Depreciation ExpensePlant Assets	16,000
Other Operating Expense	23,500
Interest Expense	3,500
Income Tax Expense	7,800
Total Expenses		246,300
Net Income		$52,000

Use the direct method to compute the payments made to employees. (Accrued Liabilities relate to other operating expense.)

A.

$23,500

B.

$72,900

C.

$49,400

D.

$45,400