question 2.

Shareholders Equity
Presented below is information related to NewCo Corp shareholder transactions during 2023:
1. On January 1, the company was formed, and was authorized to issue 350,000 shares of $4 par value common stock.
2. On January 2, 175,000 shares were issued for $16 per share.
3. On March 31, NewCo issued a 2:1 stock split.
4. On April 15, NewCo issued and distributed a 4% stock dividend, when the shares were valued at $32 per share. Shareholders with fractional shares were paid cash (totaling 1,050 equivalent whole shares).
5. On June 30, NewCo declared a cash dividend of $0.25, payable to the shareholders of record on July 15, to be paid on July 25.
6. On August 2, the company purchases 4,375 shares of the common stock outstanding at $29 per share and retired the shares.
7. On August 15, the company purchases 4,813 shares of the common stock outstanding at $38 per share and retired the shares.
8. On December 1, the board of directors declared a property dividend consisting of corporate bonds of Lopez Corporation that NewCo Corp was holding as an investment. The bonds were originally purchased for $1.75 million were classified as held-to-maturity investments. The bonds currently have a fair value of $1.65 million. The property dividend was payable to shareholders of record December 15, and distributed on December 31.

06:28 attachment_1 52 Done Total Shares Outstanding \begin{tabular}{|l|l} \hline Shares Outstanding = & Par Value = \\ \hline \end{tabular}