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Required information E11-4 (Algo) Reporting Stockholders' Equity L011-1, 11-2, 11-3 [The following information applies to...

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Accounting

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Required information E11-4 (Algo) Reporting Stockholders' Equity L011-1, 11-2, 11-3 [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $ 480,000 $ 790,000 $1,030,000 96,000 71,000 $ 620,000 The common stock was sold at a price of $26 per share. E11-4 Part 1 Required: 1. What is the amount of additional paid-in capital? Additional paid-in capital E11-4 Part 2 2. What was the amount of retained earnings at the beginning of the year? Retained earnings E11-4 Part 3 3. How many shares are in treasury stock? Shares in treasury stock E11-4 Part 4 4. Compute earnings per share. (Round your answer to 2 decimal places.) Earnings per share

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