Provide calculations or explanation (if its possible)

QUESTION 21 Entity K is authorized to issue 1,000,000 shares of $2 par value common stock. On January 15, Entity K issued 700,000 shares of stock at $7 per share. On September 5, it repurchased 20,000 shares of common stock for the treasury at $8 per share. On December 6, it declared a dividend of 50 per share on outstanding shares. What is the amount of the dividend declared? O $340,000 O $350.000 O $700,000 O $20,000 QUESTION 22 On November 1, 2022 (not January 1) Entity G purchased car wash equipment for $100,000. The useful life is expected to be 5 years, with an expected salvage value of $20,000. Entity G uses straight-line depreciation. What is the amount of depreciation expense on the equipment for 2022 (as of December 31, 2022). (Round to the nearest dollar if necessary). O $16,000 O $20,000 O $2,667 O $4,000 QUESTION 23 Depreciation and amortization O should only be taken if the company expects to replace the asset. O result in an accumulation of cash for replacement of the asset. O are processes of asset valuation, not cost allocation. provide for proper matching of expenses with revenues. QUESTION 24 Entity I incurred various costs regarding its delivery truck which it purchased two years ago. For the cost that follows, indicate the proper treatment of the cost for financial accounting purposes: A refrigeration system ($4,500) was added to the truck (did not have one before) so as to make food deliveries over a larger area. O Capitalized O Expensed Ignored