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P11-1 Finding Missing Amounts LO 11-1, 11-2, 11-3, 11-4, 11-6 At the end of the year, the records of NCIS Corporation provided the following selected
P11-1 Finding Missing Amounts LO 11-1, 11-2, 11-3, 11-4, 11-6 At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock ($10 par value); no changes in account during the year. Shares authorized: 200,000. Shares issued: Treasury stock: 3,000 shares (repurchased at $20 per share). The treasury stock was acquired after a stock split was announced. Net income: $240,340 Dividends declared and paid: $123,220 Retained earnings beginning balance: $555,000. (all shares were issued at $17 per share. Total cash collected: $2,125,000). Required 1. Complete the following tabulation: Answer is complete and correct. Shares authorized200,000 Shares issued Shares outstanding 125,000 122,000 2. Calculate the balance in the Additional Paid-in Capital account. Answer is complete and correct Additional paid-in capital $ 875,000 3. Calculate the earnings per share (EPS). (Round your answer to 2 decimal places.) Answer is complete and correct Earnings per share S 1.97
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