The Kroger Co. is one of the largest retailers in the United States and also manufactures and processes some of the food for sale in its supermarkets. Kroger reported the following January 31 balances in its statement of stockholders equity (dollars in millions):

Current Yea rPrior Year Common stock $972 $932 Paid-in capital 3,276 3,101 Retained earnings 7,469 6,420

During the current year, Kroger reported net income of $1,236.

Required:

How much did Kroger declare in dividends for the year? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

value:

3.00 points

Required information

2.Assume that the only other transaction that affected stockholders equity during the current year was a single stock issuance. Prepare the journal entry reflecting the stock issuance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

View transaction list Journal entry worksheet Record the entry for stock issuance. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal