The equity sections for Hovo Corp. at the beginning of the year (January 1) and end of the year (December 31) follow.
The following transactions and events affected its equity during the year.
Required
1. How many common shares are outstanding on each cash date?
2. What is the total dollar amount for each of the four cash dividends?
3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?
4. What is the per share cost of the treasury stock purchased?
5. How much net income did the company earn this year?
