The equity section from the December 3 1 , 2 0 2 3 balance sheet of Kentucky Corporation appeared as follows 2 0 2 4 2 0 2 3 Contributed capital Common shares, 5 4 , 2 0 0 shares authorized 2 5 , 6 8 0 and 2 3 , 0 0 0 shares issued and outstanding, respectively $ 7 2 5 , 4 6 0 $ 5 8 6 , 5 0 0 Retained earnings 5 2 6 , 6 0 0 5 7 8 , 6 0 0 The following transactions occurred during 2 0 2 4 ( assume the retirements were the first ever recorded by Kentucky ) Jan 5 A $ 1 4 0 per share cash dividend was declared, and the date of record was five days later Mar 2 0 1 , 6 0 0 common shares were repurchased and retired at $ 2 5 5 0 per share Apr 5 A $ 1 0 0 per share cash dividend was declared, and the date of record was five days later July 5 A $ 2 1 0 per share cash dividend was declared, and the date of record was five days later July 3 1 A 2 0 0 0 share dividend was declared when the market value was $ 4 2 0 0 per share Aug 1 4 The share dividend was issued Oct 5 A $ 1 9 0 per share cash dividend was declared, and the date of record was five days later Required 1 How many shares were outstanding on each of the cash dividend dates 2 How much profit did the company earn during 2 0 2 4 3 Prepare the statement of changes in equity for the year ended December 3 1 , 2 0 2 4 ( Deductible values should be indicated by a minus sign )

Question

The equity section from the December 3 1 , 2 0 2 3 balance sheet of Kentucky Corporation appeared as follows  2 0 2 4 2 0 2 3 Contributed capital  Common shares, 5 4 , 2 0 0 shares authorized  2 5 , 6 8 0 and 2 3 , 0 0 0 shares issued and outstanding, respectively  $ 7 2 5 , 4 6 0 $ 5 8 6 , 5 0 0 Retained earnings 5 2 6 , 6 0 0 5 7 8 , 6 0 0 The following transactions occurred during 2 0 2 4 ( assume the retirements were the first ever recorded by Kentucky )   Jan  5 A $ 1   4 0 per share cash dividend was declared, and the date of record was five days later  Mar  2 0 1 , 6 0 0 common shares were repurchased and retired at $ 2 5   5 0 per share  Apr  5 A $ 1   0 0 per share cash dividend was declared, and the date of record was five days later  July 5 A $ 2   1 0 per share cash dividend was declared, and the date of record was five days later  July 3 1 A 2 0   0 0   share dividend was declared when the market value was $ 4 2   0 0 per share  Aug  1 4 The share dividend was issued  Oct  5 A $ 1   9 0 per share cash dividend was declared, and the date of record was five days later  Required  1   How many shares were outstanding on each of the cash dividend dates  2   How much profit did the company earn during 2 0 2 4   3   Prepare the statement of changes in equity for the year ended December 3 1 , 2 0 2 4   ( Deductible values should be indicated by a minus sign  )

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Question

The equity section from the December 3 1 , 2 0 2 3 balance sheet of Kentucky Corporation appeared as follows: 2 0 2 4

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