The equity section from the December 31, 2014 and 2015,

The equity section from the December 31, 2014 and 2015, balance sheets of Westburne Corporation appeared as follows:


The equity section from the December 31, 2014 and 2015,


The following transactions occurred during 2015 (assume the retirements were the first ever recorded by Westburne):

The equity section from the December 31, 2014 and 2015,


Required
1. How many shares were outstanding on each of the cash dividend dates?
2. How much net income did the company earn during2015?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...