Online Assignment #$3$

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The equity section from the December $31,2020$ balance sheet of Kentucky Corporation appeared as follows:

References

Contributed capital:

Common shares, $57,300$ shares authorized; $25,560$ and $23,300$

shares issued and outstanding, respectively. $$681,600$$$573,180$

Retained earnings

$583,300,580,700$

The following transactions occurred during $2021($assume the retirements were the first ever recorded by Kentucky$)$:

Jan. $5$ A $$1\mathrm{.}40$ per share cash dividend was declared, and the date of record was five days later. Mar. $202,000$ common shares were repurchased and retired at $$24\mathrm{.}60$ per share.

Apr. $5$ A $$1\mathrm{.}00$ per share cash dividend was declared, and the date of record was five days later.

July $5$ A $$2\mathrm{.}00$ per share cash dividend was declared, and the date of record was five days later.

July $31$ A $20\mathrm{.}008$ share dividend was declared when the market value was $$37\mathrm{.}00$ per share.

Aug. $14$ The share dividend was issued.

oct. $5$ A $$1\mathrm{.}80$ per share cash dividend was declared; and the date of record was five days later.

Profit

$3.$ Prepare the statement of changes in equity for the year ended December $31,2021.($Deductible values should be indicated by a minus sign.$)$

$\backslash$table$[[$KENTUCKY CORPORATION$],[$Statement of Changes in Equity$],[$For Year Ended December $31,2021],[,\backslash$table$[[$Common$],[$Shares$]],\backslash$table$[[$Retained$],[$Earnings$]],$Total Equity$],[$Balance$,$ January $1],[,,,],[,,,],[,,,],[-,,,],[$Balance$,$ December $31,,,]]$

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