Use the financial statements from the PepsiCo $2021$ annual report $($on the following pages$)\mathrm{.}1$

$.$ What type$($s$)$ of stock is $($are$)$ reported on PepsiCos balance sheet at December $25,2021?2.$ How many common shares are PepsiCo authorized to issue in total? How many common shareswere issued as of December $25,2021?$ How many common shares are outstanding at that date?$3.$ Make two entries for cash dividends declared and paid by PepsiCo during fiscal $2021.$ Why mightfirms pay dividends? Hint: cash dividends paid differ from cash dividends declared$\mathrm{.}4.$ Make a "summary" entry to record treasury stock purchases of common shares by PepsiCo duringfiscal $2021.$ Why might firms purchase treasury stock?$5.$ Did PepsiCo reissue any treasury stock $($for cash$)$ during $2021?$ If so$,$ record the summary entry to recordtreasury stock reissued by PepsiCo during fiscal $2001.$ If not, what would the journal entry look like$($e$.$g$.,$ make an example journal entry with no numbers$)$ and where would you find each piece ofinformation?

Consolidated Balance Sheet

PepsiCo, Inc. and Subsidiaries

December $25,2021$ and December $26,2020$

$($in millions except per share amounts$)$

$\backslash$table$[[$ASSETS$,2021,2020],[,,,],[$Current Assets$],[$Cash and cash equivalents,$S,5,596,S,8,185],[$Short$-$term investments,,$392,,1,366],[$Accounts and notes receivable, net,,$8,680,,8,404],[$Inventories$,,4,347,,4,172],[$Prepaid expenses and other current assets,,$980,,874-1-2$