Question: Please solve the question. The equity section from the December 31,2020 balance sheet of Kentucky Corporation appeared as follows: The following transactions occurred during 2021

 Please solve the question. The equity section from the December 31,2020balance sheet of Kentucky Corporation appeared as follows: The following transactions occurred

Please solve the question.

The equity section from the December 31,2020 balance sheet of Kentucky Corporation appeared as follows: The following transactions occurred during 2021 (assume the retirements were the first ever recorded by Kentucky): Jan. 5 A $1.60 per share cash dividend was declared, and the date of record was five days later. Mar. 202,000 common shares were repurchased and retired at $29.40 per share. Apr. 5A$1.00 per share cash dividend was declared, and the date of record was five days later. July 5 A $1.60 per share cash dividend was declared, and the date of record was five days later. July 31 A 20.00\% share dividend was declared when the market value was $35.00 per share. Aug. 14 The share dividend was issued. 0ct. 5 A $1.80 per share cash dividend was declared, and the date of record was five days later. Required: 1. How many shares were outstanding on each of the cash dividend dates? 2. How much profit did the company earn during 2021 ? 2. How much profit did the company earn during 2021 ? 3. Prepare the statement of changes in equity for the year ended December 31,2021 . (Deductible values should be indicated by a minus sign.)

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