Homework: Assignment 3: Financial Statements & Ratio Analysis Question 34, P3-9 (similar to) Part 1 of 4 HW Score: 22.99%, 14.25 of 62 points O Points: 0 of 1 Save Changes in stockholders' equity Listed are the equity sections of balance sheets for years 2021 and 2022 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders' equity has risen from $1,940,000 to $7,600,000. Use the statements to discover how and why this happened. The company paid total dividends of $180,000 during fiscal 2022. a. What was Mountain Air's net income for fiscal 2022? b. How many new shares did the corporation issue and sell during the year? c. At what average price per share did the new stock sold during 2022 sell? d. At what price per share did Mountain Air's original 490,000 shares sell? Data table (Click the icon here e in order to copy the contents of the data table below into a spreadsheet.) a. Mountain Air's net income for fiscal 2022 is $. (Round to the nearest dollar.) 2022 Mountain Air Ski Resorts, Inc. Balance Sheets (partial) Stockholders' Equity 2021 Common stock ($1.00 par) Authorized4,800,000 shares Outstanding1,300,000 shares 2022 Outstanding490,000 shares 2021 $490,000 Paid-in capital in excess of par 550,000 Retained earnings 900,000 Total stockholders' equity $1,940,000 $1,300,000 4,800,000 1,500,000 $7,600.000 Print Done