Question
TB Problem 18-147 (Static) The following information comes from the 2021 Annual Report to stockholders of Composition Inc. (in thousands): From the Statement of
TB Problem 18-147 (Static) The following information comes from the 2021 Annual Report to stockholders of Composition Inc. (in thousands): From the Statement of Changes in Shareholders' Equity: BALANCES AT December 31, 2019 Net earnings Sales of common stock under option plans $ Paid-in capital- excess of par 0 Number of Treasury shares (30,561) $(524,321) (5,181) 377 Cash dividends declared on common stock: $0.5375 per share Compensation under employee incentive plans Treasury shares exchanged for Acquisitions (1,802) 395 139,209 20,449 Purchase of shares for treasury BALANCES AT December 31, 2020 Net earnings (6,668) 132,226 (16,008) Sales of common stock under option plans (3,538) 279 Cash dividends declared on common stock: $0.5475 per share Compensation under employee incentive plans (196) Purchase of shares for treasury BALANCES AT December 31, 2021 $128,492 366 (2,933) (18,296) 7,095 1,847,371 81,965 - (72,903) 8,271 (48,678) $(342,100) $1,856,433 Treasury stock amount 10,738 9,408 318,293 (122,906) (308,788) Retained earnings $1,673,382 242,941 (68,952) From the Statement of Cash Flows: Cash flows from financing activities: 2021 2020 Dividends paid $72,244 $66,932 Required: How many shares of treasury stock were removed for use during 2020? Treasury stock removed during 2020
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