QUESTION 3 Lusaka, Inc. has 30,000 shares issued and outstanding. The shares were issued at $24 per share. Par value is $1 per share. On Dec. 12, Lusaka repurchases 8,000 shares paying cash of $20 per share. a. What values would be shown on Lusaka's balance sheet for the issued shares prior to the repurchase? Common stock: $ Additional paid-in capital: $ b. Record the journal entry for the share repurchase choosing from the following account abbreviations: CASH cash; CS = common stock; RE = retained earnings; TS = treasury stock; APIC additional paid-in capital. Debit: Credit: c. Calculate the total book value of common stock after the share repurchase: $ d. How many shares are outstanding after the repurchase? e. On Dec. 15, Lusaka declares a cash dividend of $2.00 per share to be paid on Jan. 25. What is the total amount of cash dividend that Lusaka will pay on Jan. 25? Hint: first determine the number of shares outstanding. $