Required information E11-4 (Static) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,600,000 $ 900,000 $1,000,000 90,000 80,000 $ 800,000 The common stock was sold at a price of $30 per share. E11-4 Part 1 Required: 1. What is the amount of additional paid-in capital? Additional paid-in capital ! Required information E11-4 (Static) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,600,000 $ 900,000 $1,000,000 90,000 80,000 $ 800,000 The common stock was sold at a price of $30 per share. E11-4 Part 2 2. What was the amount of retained earnings at the beginning of the year? Retained earnings ! Required information E11-4 (Static) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $1,600,000 $ 900,000 $1,000,000 90,000 80,000 $ 800,000 The common stock was sold at a price of $30 per share. E11-4 Part 3 3. How many shares are in treasury stock? Shares in treasury stock ! Required information E11-4 (Static) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued $1,600,000 $ 900,000 $1,000,000 90,000 80,000 Shares outstanding Dividends declared and paid $ 800,000 The common stock was sold at a price of $30 per share. E11-4 Part 4 4. Compute earnings per share. (Round your answer to 2 decimal places.) Earnings per share