The equity section from the December 31, 2020 balance sheet of Kentucky Corporation appeared as follows. 2021 2020 Contributed capital: Common shares, 52,000 shares authorized; 26,160 and 23,900 shares issued and outstanding, respectively. Retained earnings $570, 280 $542,530 56,000 566,600 The following transactions occurred during 2021 (assume the retirements were the first ever recorded by Kentucky) Jan. 5 A $1.60 per share cash dividend was declared, and the date of record was five days later, Mar. 20 2,100 common shares were repurchased and retired at $22.70 per share. Apr 5 A $0.99 per share cash dividend was declared, and the date of record was five days later. July 5 A 1.80 per share cash dividend was declared, and the date of record was five days later July 31 A 20.00% share dividend was declared when the market value was $31.00 per share. Aug. 14 The share dividend was issued. oct. 5 A $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? Outstanding shares Jan. 5 23.900 Apr. 5 July 5 Oct. 5 2. How much profit did the company ear during 20212 Proth 3. Prepare the statement of changes in equity for the year ended December 31, 2021 (Deductible values should be indicated by a minus sign.) KENTUCKY CORPORATION Statement of Changes in Equity For Year Ended December 31, 2021 Common Retained Shares Earnings Total Equity Balance January 1 $ 0 S 0 5 0 5 0 5 Balance December 31 $ 0$ 03