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What was mountain? air net income for fiscal 2019?

    Assignment Instructions

    Assignment ID: FG132459689

    Problem: Stockholders’ Equity
    Common stock ($1.00 par)
    Authorized-4,700,000 shares
    Outstanding-1,800,000 shares 2019 — $1,800,000
    Outstanding-550,000 shares 2018 — 550,000
    Paid-in capital in excess of par450,000 <(2018) 4,400,000 <(2019)
    Retained earnings 900,0001 <(2018) 600,000 <(2019)
    Changes in? stockholders’ equity Listed are the equity sections of balance sheets for years 2018 and 2019 as reported by Mountain Air Ski? Resorts, Inc. The overall value of? stockholders’ equity has risen from $ 1,900,000 to $7,800,000.  Use the statements above to discover how and why this happened. The company paid total dividends of $190,000 during fiscal 2019.
    a. What was Mountain? Air’s net income for fiscal 2019??
    b. How many new shares did the corporation issue and sell during the? year?
    c. At what average price per share did the new stock sold during 2019 ?sell?
    d. At what price per share did Mountain? Air’s original 550,000 shares? sell?

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