1.What is the balance of retained earnings - unappropriated after the above transactions?

2.What are the total shares outstanding of FORTY CORP as of December 31, 2018?

 

Use the following information in answering the next item(s): During 2018, FORTY CORP. has the following transactions affecting its shareholders' equity accounts: 1/7 1/30 2/8 3/1 Declared a cash dividend of 0.50 per share Paid the 0.50 cash dividend per share Split common stock for 4 for 1 Declared a 10% stock dividend from its unissued shares. The market value of the shares on that date is P15 per share. Declared a 0.20 cash dividend per share Paid the 0.20 cash dividend per share 3/20 4/15 12/31 Net income is P60,000 On January 1, 2018, the shareholders' equity of FORTY is as follows: Ordinary share capital (10 par value) Ordinary share premium Treasury shares (@P12 Cost) Retained earnings 150,000 50,000 48,000 85,999