The equity section from the December 31, 2020 and 2021, balance sheets of Westburne Corporation appeared as follows: Contributed capital: Common shares, 50,000 shares authorized; 23,400 and 21,400 shares Issued and outstanding, respectively Retained earnings 2021 2020 $514,800 $428,000 564,000 452,000 The following transactions occurred during 2021 (assume the retirements were the first ever recorded by Westburne): Jan. 5 A $1.50 per share cash dividend was declared, and the date of record was five days later. Mar. 20 1,900 common shares were repurchased and retired at $20.00 per share. Apr. 5A $1.50 per share cash dividend was declared, and the date of record was five days later. July 5A $1.50 per share cash dividend was declared, and the date of record was five days later. July 31 A 20% share dividend was declared when the market value was $32.00 per share. Aug. 14 The share dividend was issued. Oct. 5A $1.50 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? Jan. 5 Outstanding shares July 5 Oct. 5 2. How much profit did the company earn during 2021? valit