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During 2021, a corporation sold some additional shares of its own common stock. What effect did this transaction have on 2021 stockholders' equity and earnings per share, respectively? Increase in Stockholders Equity; and Decrease in Earnings per Share. Decrease in Stockholders Equity; and, Increase in Earnings Per Share Increase in Stockholders Equity; and Increasing Earnings per Share. Increase in Stockholder Equity; and No Effect on Earnings per Share. Decrease in Stockholders Equity; and, Decrease in Earnings Per Share Snoopy Dog Food Company uses the periodic inventory method to keep track of its dog food supply. They provided the following information for 2021: Inventory increased during the year by $16,000. Ending Inventory was $28,000 Dog food supply Expense was $44,000. How much dog food supply did Snoopy purchase in 2021? $24,000 None of these are correct. $36,000 $52,000 $60,000 The following information is provided for a company: Common Stock =38,000 Additional Paid-In Capital =95,000 Wages Expense =24,000 Dividends Declared, but Unpaid =5,500 Treasury Stock =5,700 Beginning Retained Earnings =47,200 Revenue =97,500 Unearned Revenue =8,800 COGS =49,000 Prepaid Expenses =11,400 Rent Expense =12,000 Insurance Expense =6,500 Calculate Net Income (Loss) \begin{tabular}{l} $14,800 \\ $6,000 \\ None of these are Correct. \\ \hline($5,400) \\ $3,400 \end{tabular} The following information is provided for a company: Common Stock =38,000 Additional Paid-In Capital =95,000 Wages Expense =24,000 Dividends Declared, but Unpaid =5,500 Treasury Stock =5,700 Beginning Retained Earnings =47,200 Revenue =97,500 Unearned Revenue =8,800 COGS =49,000 Prepaid Expenses =11,400 Rent Expense =12,000 Insurance Expense =6,500 Calculate Stockholders Equity: None of these are Correct. $175,000$172,400$183,800$180,500

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