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The equity section from the December 31,2020 balance sheet of Kentucky Corporation appeared as followh The following transactions occurred during 2021 (assume the retirements were

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The equity section from the December 31,2020 balance sheet of Kentucky Corporation appeared as followh The following transactions occurred during 2021 (assume the retirements were the first ever recorded by Kentucky) Jan, 5 A $1,40 per share cash dividend was declared, and the date of recard was five days later. Mar, 20 2,090 comon shares nere repurchased and retired at 524 . 60 per share. Mar. 20 2,090 comon shares nere repurchased and retired at \$2.4.60 per share: July 5 A \$2.60 per share cash dividend was declared, and the dote of recard was flve days. later. buly 31 A 20 . eak thare dividend was declared when the market value bas $37. ea per shere. horf. If the share dividend was issued. Oct. S A 51 . ba per share cash dividend wos deciared, ond the date of record was five days later. Required: 1. How many shores were outstanding on each of the cash dividend dates? 2. How much profit did the company earn dunng 2021 ? 3. Prepare the statement of changes in equity for the year ended December 31,2021 . (Deductible values should be indicated by a minus sign.)

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