Question: The equify section fram the December 31, 2023 balance sheet of Kentucky Corporation oppeared as foliows: The following transactions occutred during 2024 (assume the retirements

The equify section fram the December 31, 2023 balance sheet of Kentucky Corporation oppeared as foliows: The following transactions occutred during 2024 (assume the retirements were the first ever recorded by Kentucky) San. S A 11,40 per whare canh divialend was deelared, and the date of recoed wan five days later. Mar. 20 z, 160 ceireon tharen vere repurehased and retired at $23. $0 per nhace. Apr, is in teiso jec share eash divident vas deelared, and the dote af reeerd wan fivo days later. Tuly s a 11.70 per share eash divisend was declared, and the Aate of recerd was tive daye later. Aws. 14 the ohare dividesed vas inbued. Required: 1. How many shares were outstanding on eoch of the cash dividend dates? 2. How much profit did the compony earn during 2024 ? 2. How much profit did the company earn during 2024 ? 3. Prepare the statement of changes in equity for the year ended December 31, 2024. cDeductible values should be indicated by a minus sign. The equify section fram the December 31, 2023 balance sheet of Kentucky Corporation oppeared as foliows: The following transactions occutred during 2024 (assume the retirements were the first ever recorded by Kentucky) San. S A 11,40 per whare canh divialend was deelared, and the date of recoed wan five days later. Mar. 20 z, 160 ceireon tharen vere repurehased and retired at $23. $0 per nhace. Apr, is in teiso jec share eash divident vas deelared, and the dote af reeerd wan fivo days later. Tuly s a 11.70 per share eash divisend was declared, and the Aate of recerd was tive daye later. Aws. 14 the ohare dividesed vas inbued. Required: 1. How many shares were outstanding on eoch of the cash dividend dates? 2. How much profit did the compony earn during 2024 ? 2. How much profit did the company earn during 2024 ? 3. Prepare the statement of changes in equity for the year ended December 31, 2024. cDeductible values should be indicated by a minus sign
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