Question The stockholders equity section for Balsom corporation at December 31, 2003 had the following accounts and balances: How many shares were outstanding on December 31, 2004? Stockholder's Equity Paid-in Capital Common Stock: 1512 par. 200,000 shrs outstanding Paid-in capital in excess of par Retained Earnings. Total Stockholders' Equity Your Answer $2,400,000 31150,000 2,500,000 $5,050,000 (number) During 2004, the following events took place: 1. May 1: Declared a 10% stock dividend. The fair value of the stock was $18 per share. 2. September 18 Split the stock 3 for 1. The fair of the stock was $11 per share. 3. Net income for the year was $75,000. Use this information to answer the following question: (SUBMIT GRADE: TIMER: 04:13 HUN 100000200 Question 2: The stockholders' equity section for Balsom corporation at December 31, 2003 had the following accounts and balances: What was the par value per share at December 31, 2004? Stockholder's Equity Paid-in Capital:: Common Stock, $12 par, 200,000 shrs outstanding Paid-in capital in excess of par Retained Earnings Total Stockholders' Equity $2,400,000 150,000 2,500,000 $5,050,000 Your Answers (money) During 2004, the following events took place: 1. May 1: Declared a 10% stock dividend. The fair value of the stock was $18 per share. 2. September 1: Split the stock 3 for 1. The fair of the stock was $11 per share. 3. Net income for the year was $75,000. Use this information to answer the following question: SUBMIT GRADE: -- TIME 04:48