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PA11-3 Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5] At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data:
PA11-3 Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5]
At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data: |
Common stock (par $2; no changes during the current year). |
Shares authorized, 5,000,000. |
Shares issued, ? ; issue price $8 per share. |
Shares held as treasury stock, 10,000 shares, cost $6 per share. |
Net income for the current year, $481,000. |
Common Stock account, $150,000. |
Dividends declared and paid during the current year, $2 per share. |
Retained Earnings balance, beginning of year, $800,000. |
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Required: |
Complete the following: (Round "Earnings per share" to 2 decimal places.) |
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