Packet Exercise 11.1 Goth Corporation Statement of Stockholders' Equity Year ended 12/31/2019 Common Additional Stock Paid in Capital Balance at 12/31/2018 $100 $5,100 4/1 Issuance of common stock 75 3,195 11/1 Repurchase of common stock 12/1 Dividends 2017 Net Income Balance at 12/31/2019 $175 $8.295 Retained Earnings $18,500 Treasury Stock $0 (2.300) (870) 14,500 $32,130 $(2,300) Assume par value of the common stock is $0.50 per share. The Treasury Stock was repurchased at a cost of $10 per share. Using this information answer the following questions: 1. How much cash was received and how many common shares were issued on 4/1/2019? 2. How many common shares were repurchased by the company on 11/1/2019 and how did this entry affect the accounting equation? 3. How many common shares were outstanding as of 12/31/2019? 4. How much was the dividend per share on 12/1/2019