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

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

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...

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2015 2014 Contributed capital: Common shares, 50,000 shares authorized; 22,200 and d and outstanding ding, respectively$486,920 $392,000 560,000 448,000 Jan. 5 A $1.40 per share cash dividend was declared, and the date of record was five days later. 1,500 common shares were repurchased and retired at $19.60 per share. A $1.40 per share cash dividend was declared, and the date of record was five days later. A $1.40 per share cash dividend was declared, and the date of record was five days later. A 20% share dividend was declared when the market value was $33.60 per share The share dividend was issued. A $1.40 per share cash dividend was declared, and the date of record was five days later. Mar. Apr. 20 5 5 31 14 July Aug. Oct. 5