Landon Corporation was organized on January 2, 2014, with the investment of $70,000 by each of its two stockholders. Net income for its first year of business was $98,370. Net income increased during 2015 to $144,600 and to $169,180 during 2016. Landon paid $24,000 in dividends to each of the two stockholders in each of the three years. Required:

Young Corporation has been operating successfully for several years. It is authorized to issue 24,000 shares of no-par common stock and 6,000 shares of 8%, $100 par preferred stock. The Contributed Capital section of its January 1, 2019, balance sheet is as follows:                                                        1. Answer the questions in Part a.                                                                      2. Prepare journal entries to record the transactions in Part b.                            3. Prepare the Cobtributed Capital section of Young’s December 31, 2016, balance sheet.

Mechforce, Incorporated had net income of $150,000 for the year ended December 31, 2022. At the beginning of the year, 17,000 shares of common stock were outstanding. On April 1, an additional 19,000 shares were issued. On October 1, the company purchased 4,000 shares of its own common stock and held them as treasury stock until the end of the year. No other changes in common shares outstanding occurred during the year. During the year, Mechforce paid the annual dividend on the 8,000 shares of 4.60%, $100 par value preferred stock that were outstanding the entire year. Required: Calculate basic earnings per share of common stock for the year ended December 31, 2022. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Answer is complete but not entirely correct. Earnings per share $ 0.74 x

Please show the solution in good accounting form. 8. How much is the total shareholders' equity at year-end?