On October 15 of Year 5, you were hired as the Controller for Frank O. Pinion...

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On October 15 of Year 5, you were hired as the Controller for Frank O. Pinion Industries. Part of your job duties include maintaining accurate records of the company's stockholders and issuing dividend payments. The Board of Directors declared a dividend of $2 per share on December 1 for all stockholders of record on December 15. The dividend is paid on December 31. You have organized the company's stock records into the following pie charts. Year 1 Authorized Number of Shares Year 2 Authorized Number of Shares Unissued 400,000 Unissued 300,000 1,000,000 Outstanding Treasury 600,000 Outstanding Treasury Year 4 Authorized Number of Shares 50,000 350,000 Year 5 Authorized Number of Shares 50,000 600,000 Unissued x Outstanding Treasury 450,000 Click here to open the graph(s) in a new tab. Required: 1. What is the authorized number of shares in Year 1? 2. What event took place in Year 2? 3. What event took place in Year 3? Year 3 Authorized Number of Shares 100,000 Unissued 500,000 > Outstanding Treasury Unissued 600,000 Outstanding Treasury 4. What event took place in Year 4? 5. What happened to the authorized number of shares over the entire five-year period? 6. What journal entries should you record for December 1, December 15, and December 31 in Year 5 for dividends? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 What is the authorized number of shares in Year 1? Authorized Number of shares Required 1 Required 2 > On October 15 of Year 5, you were hired as the Controller for Frank O. Pinion Industries. Part of your job duties include maintaining accurate records of the company's stockholders and issuing dividend payments. The Board of Directors declared a dividend of $2 per share on December 1 for all stockholders of record on December 15. The dividend is paid on December 31. You have organized the company's stock records into the following pie charts. Year 1 Authorized Number of Shares Year 2 Authorized Number of Shares Unissued 400,000 Unissued 300,000 1,000,000 Outstanding Treasury 600,000 Outstanding Treasury Year 4 Authorized Number of Shares 50,000 350,000 Year 5 Authorized Number of Shares 50,000 600,000 Unissued x Outstanding Treasury 450,000 Click here to open the graph(s) in a new tab. Required: 1. What is the authorized number of shares in Year 1? 2. What event took place in Year 2? 3. What event took place in Year 3? Year 3 Authorized Number of Shares 100,000 Unissued 500,000 > Outstanding Treasury Unissued 600,000 Outstanding Treasury 4. What event took place in Year 4? 5. What happened to the authorized number of shares over the entire five-year period? 6. What journal entries should you record for December 1, December 15, and December 31 in Year 5 for dividends? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 What is the authorized number of shares in Year 1? Authorized Number of shares Required 1 Required 2 >