The equity section from the December 31, 2017 and 2018, balance sheets of Westburne Corporation appeared as follows: 2018 2017 Contributed capital: Common shares, 50,000 shares authorized; 23,160 and 21,100 shares issued and outstanding, respectively $509,520 $422,000 Retained earnings 563,000 451,000 The following transactions occurred during 2018 (assume the retirements were the first ever recorded by Westburne): Jan. 5 A $1.40 per share cash dividend was declared, and the date of record was five days later. Mar. 20 1,800 common shares were repurchased and retired at $20.00 per share. Apr. 5 A $1.40 per share cash dividend was declared, and the date of record was five days later. July 5 A $1.40 per share cash dividend was declared, and the date of record was five days later. July 31 A 20% share dividend was declared when the market value was $32.00 per share. Aug. 14 The share dividend was issued. Oct. 5 A $1.40 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 2018?