Question: Please correct #8 P11-1 Finding Missing Amounts LO 11-1, 11-2, 11-3, 11-4, 11-6 At the end of the year, the records of NCIS Corporation provided
Please correct #8 P11-1 Finding Missing Amounts LO 11-1, 11-2, 11-3, 11-4, 11-6 At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock (par $10); no changes in account during the year. Shares authorized, 340,000. Shares issued:- Treasury stock: 5,000 shares (repurchased at $14 per share). The treasury stock was acquired after a stock split was announced. Net income, $263,900 Dividends declared and paid: $149,500 Retained earnings beginning balance: $695,000. (all shares were issued at $16 per share. Total cash collected: $2,160,000. Required: 1. Complete the following tabulation: Answer is complete and correct. Shares authorized Shares issued Shares outstanding 340,000 135,000 130,000 2. What is the balance in the Additional Paid-in Capital account. Answer is complete and correct. dditional paid-in 810,000
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