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The equity section from the December 31, 2020 balance sheet of Kentucky Corporation appeared as follows: The following transactions occurred during 2021 (assume the retirements
The equity section from the December 31, 2020 balance sheet of Kentucky Corporation appeared as follows: The following transactions occurred during 2021 (assume the retirements were the first ever recorded by Kentucky): Jan. 5 A \$1.50 per share cash dividend was declared, and the date of record was five days later. Mar. 21,900 common shares were repurchased and retired at $28.20 per share. Apr. 5A$0.7 per share cash dividend was declared, and the date of record was five days later. July 5A$2.10 per share cash dividend was declared, and the date of record was five days later. July 31 A 20.60\% share dividend was declared when the market value was $34.00 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. Requlred: 1. How many shares were outstanding on each of the cash dividend dates? 2. How much profit did the company earn during 2021 ? 3. Prepare the statement of changes in equity for the year ended December 31, 2021. (Deductlble values should be Indleated by e minus sign.)
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