r ?? k HOLDERS' EQUITY-57 points For questions the Stockholders' Equity Section of the Balance sheet at the end of the year. Incorporated. F or question 29, prepare 24. Giannis Inc. incorporated on January 2p4,2017. It was authorized to isse So,00o shares of common stock. On January 3d, Giannis issued 90,000 shares of common stock to its sha The common stock shares have a par value of SI and was sold at $18 a share. As a new Corporation, Giannis has no beginning Retained Earnings. 17 25. On April 14h, Giannis declared a cash dividend of $16,000 26. On April 30, Giannis determined which shareholders would receive its dividend. 27. On June 16, Giannis paid the dividend it had declared. On September 17,Giannis bought back 20,000 shares of its own stock for $22 a share