Transcribed Image Text: At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized,

Transcribed Image Text: At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data:
Common stock (par $2; no changes during the current year).
Shares authorized, 5,000,000.
Shares issued,
Shares held as treasury stock, 10, 000 shares, cost $6 per share.
Net income for the current year, $481,000.
Common Stock account, $150,000.
Dividends declared and paid during the current year, $2 per share.
Retained Earnings balance, beginning of year, $800,000.
?; issue price $8 per share.
Required:
Complete the following: (Round “Earnings per share” to 2 decimal places.) Transcribed Image Text: 1.
Shares issued
Shares outstanding
2.
The balance in Additional Paid-in Capital would be
3.
Earnings per share is
4.
Total dividends paid on common stock during the current year is
Treasury stock should be reported in the stockholders’ equity section of the balance sheet
5.
in the amount of
Assume that the board of directors voted a 2-for-1 stock split. After the stock split, the par
6.
value per share will be

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