Question 'i , Miaoso Edge edugenwiieyplustom On January 1, 2021, Hum Enterprises Inc. had 80,000 common shares, recorded at $480,000. The company follows IFRS. During the year, the following transactions occurred: Apr. 1 Issued 6,000 common shares at $8 per share. June 15 Declared a 5% stock dividend to shareholders of record on September 5, distributable on September 20. The shares were trading for $10 a share at this time. Sep. 21 Announced a 1for-2 reverse stock split. Shares were trading at $8 per share at the time. Nov. 1 Issued 3,000 common shares at $13 per share. Dec. 20 Repurchased 10,000 common shares for $16 per share. This was the rst time Hum had repurchased its own shares. * Question 1 Record each of the transactions. Keep a running balance of the average per share amount of the common shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. I f no entry is required, select "No En try" for the account titles and enter 0 for the amounts. Round the average per share to three decimal places, e.g. 5.271 and nal answers to 0 decimal places, e.g. 5,271.) Date Amount \"\"5 and Explanation Debit Credit Apr. 1 June 15 I I Sept. 20 I I Sept. 21 I I Nov. 1. I I edugenwiieypluscom * Question 7 Comparative income statement data for Cullumber Inc. and Bramble Ltd., two competitors, are shown below for the year ended December 31, 2021. Cullumher Bramble Net sales $1,660,000 $542,000 Cost of goods sold 967,780 335,498 Gross profit 692,220 206,502 Operating expenses 464,800 93,766 Prot from operations 227,420 112,736 Interest expense 6,1 10 1,252 Prot before income tax 221,310 111,484 Income tax expense 66,393 27,671 Prot $154,917 $83,613 Additional information: Average total assets $965,000 $321,563 Average total shareholders' equity 818,000 279,808 * Question 7 Using vertical analysis, calculate the percentage of the base amount of the income statement for each company. (Round answers to 1 decimal place, e.g. 12.5%.) CU LLUMBER AN D BRAM BLE COM PANIES Income Statements Cullumber Bramble Percent Percent Net sales % "la Cost of goods sold % \"/0 Gross prot % \"/0 , z ' \\ -,': v