What is the number of common shares outstanding as of January 31,2024?

Exercise 1020 (Algo) Complete the accounting cycle using stockholders' equity transactions (LO10-2, 104,105,108)(GL) On January 1,2024, the general ledger of Grand Finole Fiteworks includes the folliowing accourt balancen: During Jonuary 2024, the following transactions occur: Jatuary 2 Issue an additional 2,300 oheres of 31 par value ccenon stock for 846,000 . January 9 Provide adrvices to euetoners on accouns, 920,400 . Jasuary 10 Purchase additional aupplies on accosat, 56,900 . Jasuary 12 Purehane 1,100 shares of tronsury stoek for $15 per ohare. January is pay eash on accounts payable, 510,500 . January 21 provide serviees to cuntontern for cash, $51,100, January 22 Receive caoh on acoounts receivable, $18,600. January 29 Declare a canh dividend of $0.20 per ahare to all ahares outstandisg on January 29. The dividend is payabie on Tobruary 15. (Hinte Grabd Finnle Firevorka had 20,000 ahares ootatanding on January 1, 2024, and dlyidends ace not pald sin treatury stock.) January 30 Aene11 soo tharen of treanury stoek for $21 por abare. January 31 Pay cash for velarles during Jaauary, $44,000. The following information is available on January 31, 2024 . a. Unpaid utilities for the month of Janusry are $8.200. b. Supplies at the end of January total $7,100. c. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $12,000. d. Accrued income taxes at the end of January are $3.100. Prepare the joumal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fieldi) Jasuary 29. Declare a cash dividend of $0,20 per nhare to all thares outstanding on January 29 . The dividend is payable on Pebruaky 15. (lfint, Grand Finale Firevoskn had 20,000 eharen outatanding an tanaary 1 , 2024 , and difidends are not. paid on treanury ntock.) January 30 Meeel1 b00 shares of treasury stoek for $21 per share, January 31 Fay cash tor falarien during January, 544,000 . The following infomation is available on January 31, 2024. a. Unpaid utilities for the month of January are $8,200. b. Supplies at the end of January total $7100. c. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $12,000. d. Accrued income taxes at the end of January are 53,100 . Using the information from the requirements above, complete the 'Analysis' tab. (Enter your retum on equity yalue to one decimal place and earnings per thare value to 2 decimal places.) Analyze the following for Grand Finale Firewotks: (a) Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.50%, is the company more or less profitable than other companies in the same industry? The cetum on equity is: is the company more or less profitable than other companios? (b) How many shares of common stock are outstanding as of January 31, 2024? The number of common shares outstanding as of Januaty 31, 2024 is (c) Caloulate earnings per share for the month of January. (Hint To calculate average shares of common stock outstanding take the beginning shares outstanding plas the ending shares outstanding and divide the total by 2.) If eamings per sharo was $2.40 last year (i.e.. an average of 50.20 per month), is eatnings per share for January 2024 betier or worse than last year's average