The equity section from the December 31, 2020 balance sheet of Kartucky Corporation appeared as follows: 2021 2020 Contributed capital C011 shares, 31,400 shares authorized: 24,400 and 22,533 Consisted and outstanding, resp respectively. $589,589 $537,758 526,784 HA,648 plains The following transactions occurred during 2021 assume the retirements were the first ever recorded by Kentucky's Jan. 5 A 51.48 per share cash dividend was declared, and the date of record was tave days later. Mar. 28 2,188 common shares were repurchased and retired at $23.se per share, lor. 5 X 50.98 per share cash dividend is declared, and the date of record was five days later. July 5A 51.78 per share cash dividend was declared, and the date of record was five days later. July 31 4 20. share dividend was declared when the market value was sza.ee per share. Aug. 14 The share dividend was issued. Oct. 5 A 51.58 per share cash dividend was declared, and the date of record was five day's later. Required 1. How many shares were outstanding on cach of the cash dividend dates? Jan. 6 Apr. y Oct. 5 Cuancia 2. How much prof did the company eam during 20717 Pell 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 Olho de 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 $ 0 $ 0 $ 0 $ 0 Balance, December 31 $ 0 $ 0 $ 0 The equity section from the December 31, 2020 balance sheet of Kartucky Corporation appeared as follows: 2021 2020 Contributed capital C011 shares, 31,400 shares authorized: 24,400 and 22,533 Consisted and outstanding, resp respectively. $589,589 $537,758 526,784 HA,648 plains The following transactions occurred during 2021 assume the retirements were the first ever recorded by Kentucky's Jan. 5 A 51.48 per share cash dividend was declared, and the date of record was tave days later. Mar. 28 2,188 common shares were repurchased and retired at $23.se per share, lor. 5 X 50.98 per share cash dividend is declared, and the date of record was five days later. July 5A 51.78 per share cash dividend was declared, and the date of record was five days later. July 31 4 20. share dividend was declared when the market value was sza.ee per share. Aug. 14 The share dividend was issued. Oct. 5 A 51.58 per share cash dividend was declared, and the date of record was five day's later. Required 1. How many shares were outstanding on cach of the cash dividend dates? Jan. 6 Apr. y Oct. 5 Cuancia 2. How much prof did the company eam during 20717 Pell 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 Olho de 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 $ 0 $ 0 $ 0 $ 0 Balance, December 31 $ 0 $ 0 $ 0