The equity section from the December 31, 2020 balance sheet of Kentucky Corporation appeared as follows: The following

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answerhappygod
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The equity section from the December 31, 2020 balance sheet of Kentucky Corporation appeared as follows: The following

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The equity section from the December 31, 2020 balancesheet of Kentucky Corporation appeared as follows:
The following transactions occurred during 2021 (assume theretirements were the first ever recorded by Kentucky):
Required:1. How many shares were outstanding on each of thecash dividend dates?
2. How much profit did the company earnduring 2021?
3. Prepare the statement of changes in equityfor the year ended December 31, 2021. (Deductiblevalues should be indicated by a minus sign.)
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