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  3. the following transactions occurred during 2024(as

The following transactions occurred during 2024(assume the retirements were the first ever recorded by Westburne):...

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Accounting

The following transactions occurred during 2024(assume the retirements were the first ever recorded by Westburne):
Jan. 5 A $1.60 per share cash dividend was declared, and the date of record was five days later.
Mar. 203,000 common shares were repurchased and retired at $20.00 per share.
Apr. 5 A $1.60 per share cash dividend was declared, and the date of record was five days later.
July 5 A $1.60 per share cash dividend was declared, and the date of record was five days later.
July 31 A 20% share dividend was declared when the market value was $32.00 per share.
Aug. 14 The share dividend was issued.
Oct. 5 A $1.60 per share cash dividend was declared, and the date of record was five days later.
Required:
How many shares were outstanding on each of the cash dividend dates?
How much profit did the company earn during 2024?
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