The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 53,000 shares were originally issued and 5,200 were subsequently reacquired. What is the number of shares outstanding? ca. 53,000 b. 47,800 oc. 58,200 ed. 5,200 E Calculator The Dayton Corporation began the current year with a retained earnings balance of $14,397. During the year, the company corrected an error made in the prior year, which was a failure to record a depreciation expense of $2,699 on equipment. Also, during the current year, the company earned net income of $10,634 and declared cash dividends of $5,013. Compute the year-end retained earnings balance. ca. $32,743 eb. $14,397 oc. $20,018 od. $17,319 The charter of a corporation provides for the issuance of 109,548 shares of common stock. Assume that 38,014 shares were originally issued and 3,754 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared? ca. $38,014 ob. $3,754 oc. $109,548 od. $34,260