Question: The equity section from the December 31, 2023 balance sheet of Kentucky Corporation appeared as follows: The following transactlons occurred during 2024 (assume the retirements

The equity section from the December 31, 2023 balance sheet of Kentucky Corporation appeared as follows: The following transactlons occurred during 2024 (assume the retirements were the first ever recorded by Kentucky Jan. 5 A \$1.40 per share cash dividend was declared, and the date of record was five days later. Mar. 20,1,700 common shares were repurchased and retired at $23.80 per share. Apr. S A 50.90 per share cash dividend was declared, and the date of record was five days later. July 5 A \$2.50 per share cash dividend was declared, and the date of record was five days later. July 31 A 20.00x share dividend was declared when the market value nas $33.00 per share. Aug. 14 The share dividend was issued. Oct. 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 2024? 3. Prepare the statement of changes in equity for the year ended December 31, 2024. (Deductible values should be indicated by minus sign.)
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