At the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stoc

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At the end of the year, the records of NCIS Corporation provided
the following selected and incomplete data:
Common stock ($10 par value); no changes in account during the
year.
Shares authorized: 370,000.
Shares issued: _______ (all shares were issued at $17 per
share; $2,210,000 total cash collected).
Treasury stock: 4,000 shares (repurchased at $16 per share).
The treasury stock was acquired after a stock split was
announced.
Net income: $259,560.
Dividends declared and paid: $148,680.
Retained earnings beginning balance: $725,000.
Required:
1. Complete the following tabulation:
2. Calculate the balance in the Additional
paid-in capital account.
3. What is earnings per share (EPS)?
4. What was the dividend paid per
share?
5. In what section of the balance sheet
should treasury stock be reported? What is the amount of treasury
stock that should be reported?
6. Assume that the board of directors
voted a 2-for-1 stock split. After the stock split, what will be
the par value per share? How many shares will be outstanding?
7. Assuming the stock split mentioned
above, prepare any journal entry that should be made.
8. Disregard the stock split (assumed above).
Assume instead that a 10 percent stock dividend was declared (after
treasury stock repurchase) when the market price of the common
stock was $22. Prepare any journal entry that should be made.