On December 31, 2019, the Bradshaw Corporation had $515,000 as an ending balance for its retained earnings account. During 2020, the corporation declared a $2.50/share dividend to its stockholders. The Bradshaw Corporation has 40,000 shares of common stock outstanding. When the books were closed for 2020 year-end, the corporation had a final retained earnings balance of $565,000. What was the net profit earned by Bradshaw Corporation during 2020?

The board of directors of Tamarisk, Inc. declared a cash dividend of $2.25 per share on 30000 shares of common stock on July 15, 2020. The dividend is to be paid on August 15, 2020, to stockholders of record on July 31, 2020. The effects of the journal entry to record the payment of the dividend on August 15, 2020, are to decrease stockholders’ equity and decrease liabilities. increase stockholders’ equity and increase liabilities. decrease liabilities and decrease assets. increase stockholders’ equity and decrease assets.

The board of directors of Tamarisk, Inc. declared a cash dividend of $1.95 per share on 33000 shares of common stock on July 15, 2020. The dividend is to be paid on August 15, 2020, to stockholders of record on July 31, 2020. The correct entry to be recorded on August 15, 2020, will include a O debit to Cash Dividends. O debit to Dividends Payable. O credit to Cash Dividends. O credit to Dividends Payable.

Headland Corporation had 2020 net income of $1,028,000. During 2020, Headland paid a dividend of $2 per share on 115,650 shares of preferred stock. During 2020, Headland had outstanding 257,000 shares of common stock.Compute Headland’s 2020 earnings per share. (Round answer to 2 decimal places, e.g. 3.56.) Earnings per share   $enter earnings per share in dollars rounded to 2 decimal places  per share