Please see the attachment for the questions that I need accounting assistance.

1. Quonset, Inc. is a public company whose shares are actively traded in the overthe-counter market. The company's stockholders' equity account balances at December 31, year 1, are on the following tab. During the year ended December 31, year 2, transactions and other information relating to Quonset's stockholders' equity were as follows: On February 1, year 2, Quonset issued 13,000 shares of common stock to Carson Co. in exchange for land. On the date issued, the stock had a market price of $13 per share. The land had a carrying value on Carson's books of $140,000 and an assessed value for property taxes of $95,000. On March 5, year 2, Quonset purchased 21,000 of its shares to hold as treasury stock at $12 per share. The shares were originally issued at $13 per share. Quonset uses the cost method to account for treasury stock. Treasury stock is permitted in Quonset's state of incorporation. On March 15, year 2, Quonset purchased a portfolio of marketable securities to be held as available-for-sale securities. On June 5, year 2, Quonset declared a property dividend of inventory. The inventory had a $65,000 carrying value and a $55,000 fair market value. On July 1, year 2, Quonset declared and issued a 15% stock dividend. On December 5, year 2, Quonset declared a cash dividend of $1 per share to all common stockholders of record on December 15, year 2. The dividend was paid on January 5, year 3. Net income for year 2 was $1,443,000. At December 31, year 2, unrealized gain on the portfolio of marketable securities purchased during the year was $95,000, net of tax. 2. Edge Company has 500,000 shares of no par common stock with a stated value of $8 per share issued and outstanding as of January 1, 2015, originally issued for $14 per share. During 2015, Edge Company had the following transactions involving its own stock: On March 6, acquired 12,000 shares of treasury stock at a cost of $12 per share On April 18, resold 4,000 shares of treasury stock at $15 per share. On June 11, resold an additional 2,000 shares of treasury stock at $18 per share If Edge uses the cost method of accounting for treasury stock, what will be the balance in additional paid in capital from treasury stock as a result of these transactions? 72,000 12,000 0 24,000 3. On December 29, 20X5, Almond Company granted 100,000 stock options to a group of 100 employees, enabling each employee to buy 1,000 shares for $20 per share. On the grant date, the shares had a market value of $16 per share and the options had a market value of $3.00 per option. The options vest over a 3-year period and become exercisable on January 1, 20X9. Almond Company expects that, based on historical turnover, they will lose approximately 3 of the employees receiving the options per year during the vesting period. Compensation expense will be recognized uniformly over the vesting period. How much compensation expense will Almond Company recognize in 20X6? 100,000 97,000 91,000 0 4. Templeton Company declared a $250,000 cash dividend payable to common stockholders when its retained earnings had a balance of $175,000. How will the dividend be accounted for? Retained earnings will be reduced by the entire $250,000, resulting in a deficit balance of $75,000. Retained earnings is reduced to zero and the remaining $75,000 reduces the balance in common stock. Retained earnings is reduced to zero and the remaining $75,000 reduces the balance in additional paid in capital. Retained earnings is reduced to zero and the remaining $75,000 is recognized as an expense. 5. Parrish Company declared a dividend in kind in which it will distribute lots of land held for investment to shareholders. The land has a carrying value of $500,000 and a fair value of $700,000 as of both the date of declaration and the date of distribution. By how much will retained earnings be reduced as a result of the declaration and distribution of the dividend in kind? 1,2000,000 0 500,000 700,000 6. Cansay Co. has 100,000 shares of $10 par value common stock and 5,000 shares of $100 par value 5% cumulative preferred stock outstanding. No dividends had been paid in either 20X5 or 20X6. Cansay Co. is planning to pay a cash dividend in 20X7. If the cash dividend is for $60,000 in total, how much will be received by common stockholders 0 70,000 35,000 10,000 7. Caspela Corp. had the same capital structure in 2014 and 2015, consisting of the following: Preferred stock, $12 par, 5% cumulative, 20,000 shares issued and outstanding $240,000 Common stock, $6 par, 250,000 shares issued and outstanding $1,500,000 Caspela reported net income of $600,000 for 2015. No preferred dividends were paid during 2014, but Caspela paid $20,000 in preferred dividends in 2015. In its 2015 income statement what amount should Caspela report as basic earnings per share? 2.32 2.35 2.37 2.30 8. Brick Co. has 170,000 shares of common stock outstanding at January 1, 2015. On May 1, 2015, it issued 30,000 additional shares of common stock. Outstanding all year were 12,000 shares of convertible cumulative preferred stock. Each share of the convertible preferred stock, which was dilutive in 2015, is convertible into one share of Brick's common stock. What is the number of shares that Brick should use to calculate 2015 diluted earnings per share? 170,000 202,000 182,000 212,000 9. A company has basic earnings per share of $12.18. If the tax rate is 25%, which of the following securities would be dilutive? I. 15,000 incentive stock options with an exercise price of $17 to its employees and an average market price of $15 per share. II. Cumulative 9%, $30 par preferred stock. II only Neither I or II I and II I only