The financial statements for wesley corp included the

Reference no: EM13599044

The financial statements for Wesley Corp. included the following selected financial information from the stockholders' equity section of the balance sheet at the end of YEAR 1:

Common Stock, $.05 par value: $400,000
Additional Paid-in-Capital in excess of par: $71,600,000
Retained Earnings: $4,800,000

1.Assume the company declared and paid dividends of $500,000 during year 2. What was the amount of net income earned in year 2?
2.What is the amount of earnings per share in year 2?
3. Answer A-E below for the stockholders' equity section of the balance sheet at the end of YEAR 2.

What is-
A) Common Stock, $.05?
B) Number of shares?
C) Number of of shares outstanding?
D) Additional Paid-in-capital in excess of par?
E) Treasury Stock?

Retained Earnings = $9,400,000 (Yr. 2)

Reference no: EM13599044

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