Question 6 The summary of shareholders' equity accounts below are an excerpt of annual financial reports of an entity that specialize in bitter candy. No dividends were paid during the Year 1 and Year 2 December 31, Year 1 December 31, Year 2 Common stock, $5 par value $1,000,000 $1,250,000 Additional paid-in capital 1,500,000 2,000,000 Net unrealized loss on investment in marketable equity securities (100,000) (150,000) Retained earnings 2,000,000 2,500,000 Less: Cost of treasury shares (200,000) (224,000) Total shareholders' equity $4,200,000 $5,376,000 Required; (1) What is net income during Year 2? (ii) How many additional common shares were issued in Year 2? (iii) What was the cost per share of the treasury stock acquired during Year 2? 2,000 additional shares were acquired during the year. (iv) What price was paid for the additional common shares issued in Year 2? (v) What happened to the portfolio of long-term marketable equity securities