At December 31, 2007. the records of Nortech Corporation provided the following selected and incomplete data:

Required: 1. Complete the following tabulation:

Shares authorized .

Shares issued Shares outstanding 2. The balance in the Capital in Excess of Par account appears to be $ 3. Earnings per Share is $ . 4. Dividend paid per share of common stock is $ . 5. Treasury stock should be reported on the balance sheet under the major caption in the amount of $ 6. Assume that the board of directors voted a 1 00 percent stock split (the number of shares will double).

After the stock split, the par value per share will be $ and the number of outstanding shares will be . 7. Assuming the stock split mentioned above, give any journal entry that should be made. If none, explain why. 8. Disregard the stock split (assumed above). Assume instead that a 10 percent stock dividend was declared and issued when the market price of the common stock was $21. Give any journal entry that should be made.

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Common stock (par $10; no changes during 2007) Shares authorized, 200,000. Shares issued.. ? _ issue price $17 per share; cash collected in full, $2,125.000. Shares held as treasury stock, 3,000 shares, cost $20 per share. Net income for 2007, $118,000. Dividends declared and paid during 2007, $73,200. Retained earnings balance, January 1, 2007, $155,000. The treasury stock was acquired after the split was issued.