Please answer the question.

3. a. 6 A listed company's balance sheet for year 2018 and 2019 is given below. The overall value of the stockholders' equity has risen from Tk. 2,370,000 to Tk. 9,080,000. Use the statements to discover how and why that happened. 2019(tk.) Balance Sheet (Partial) 2018(tk.) Common Stock ($1.00 par) Authorized: 5000000 shares Outstanding: 1200000 shares 2019 600000 shares 2018 600,000 Paid in capital in excess of par 250,000 Retained Earnings 1,520,000 Total stockholders' equity 2,370,000 1,200,000 5,500,000 2,380,000 9,080,000 The company paid a total dividend of Tk. 240000 during the fiscal year 2019. Required: i. What was the net income for fiscal year 2019? ii. How many new shares did the corporation issue and sell during year 2019? iii. What was the average price per share of the new stock sold during year 2019? 6 b. Steel Enterprises' earnings per share for the period 2011 to 2020 are summarized in the table below. Use this information to calculate the dividend per share for each of the years and compare each of the dividend policy. Year EPS Year EPS 2020 Tk. 2.40 2015 Tk. 1.64 2019 2.00 2014 1.28 2018 1.79 2013 1.01 2017 -0.95 2012 0.98 Last digit of my id is 4 2016 -0.85 2011 0.86 Required: i. For positive earnings only, payout (20%+last digit of your ID) of earnings. ii. Pay Tk.0.75 per share and increase to 0.85 per share when earnings per share exceed Tk. 1.60 per share. iii. Pay Tk. 0.75 per share and pay an extra dividend of 0.50 per share when the earnings per share exceed Tk. 1.60. iv. Pay Tk. 0.75 per share and pay an extra dividend of 50% of earnings above Tk. 1.50 per share