ts The equity section from the December 31, 2023 and 2024, balance sheets of Westburne Corporation appeared as follows: Contributed capital: Common shares, 50,000 shares authorized; 23,400 and 21,400 shares issued and outstanding, respectively Retained earnings 2024 Required: 1. How many shares were outstanding on each of the cash dividend dates? 2023 $514,800 $428,000 564,000 452,000 The following transactions occurred during 2024 (assume the retirements were the first ever recorded by Westburne): Jan. 5 A $1.50 per share cash dividend was declared, and the date of record was five days later. Mar. 20 1,900 common shares were repurchased and retired at $20.00 per share. Apr. 5 A $1.50 per share cash dividend was declared, and the date of record was five days later. July 5 A $1.50 per share cash dividend was declared, and the date of record was five days later. July 31 A 20% share dividend was declared when the market value was $32.00 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.

The equity section from the December 31,2023 and 2024, balance sheets of Westburne Corporation appeared as follows The following transactions occurred during 2024 (assume the retirements were the first ever recorded by Westburne). Jan. 5 A $1.50 per share cash dividend was declared, and the date of record was five days later. har. 201,900 connon shares were repurchased and retired at $20.00 per share. Apr, 5 A. 51.50 per share cash dividend was declared, and the dote of recerd was five days later. July 5 A 11.50 per share cash dyidend July 5 . July 31 . 30pe per share cash dividend was declared, and the date of record was five days later. Suly 31 A 20K share divldend was declared when the market value inas $32,00 per share. Aug. 14 The share divldend was issued. Required: 1. How marly shates were outstanding on each of the cash dividend dates? Required: 1. How many shares were outstanding on each of the cash dividend dates? * Answer is complete but not entirely correct. 2. How much profit did the company earn during 2024 ? Answer is complete but not entirely correct