Lucas Company reports net income of $5,125 for the year ended December 31, 2019, its first year of operations. On January 4, 2019, Lucas issued 9,000 shares of common stock. On August 2, 2019, it issued an additional 3,000 shares of stock, resulting in 12,000 shares outstanding at year-end.
During 2020, Lucas earned net income of $16,400. It issued 2,000 additional shares of stock on March 3, 2020, and declared and issued a 2-for-1 stock split on November 3, 2020, resulting in 28,000 shares outstanding at year-end.
During 2021, Lucas earned net income of $23,520. The only common stock transaction during 2021 was a 20% stock dividend issued on July 2, 2021.
Required:
College Accounting, Chapters 1-27
Managerial Accounting: The Cornerstone of Business Decision-Making
Financial Accounting
Accounting Information Systems
Financial And Managerial Accounting
Corporate Financial Accounting
Financial & Managerial Accounting
Fundamentals of Financial Management (MindTap Course List)
Management, Loose-Leaf Version
MKTG 12:STUDENT ED.-TEXT
Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Contemporary Marketing
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Principles of Economics (MindTap Course List)
Accounting Information Systems
Principles of Microeconomics (MindTap Course List)
Essentials of Economics (MindTap Course List)
ECON MICRO
Foundations of Business (MindTap Course List)
Financial Accounting
College Accounting (Book Only): A Career Approach
Financial & Managerial Accounting
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Accounting (Text Only)
Pkg Acc Infor Systems MS VISIO CD
Exploring Economics
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
Corporate Financial Accounting
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Cornerstones of Cost Management (Cornerstones Series)
Practical Management Science
Economics For Today
Economics (MindTap Course List)
Microeconomics
Macroeconomics
Purchasing and Supply Chain Management
Cornerstones of Financial Accounting
Managerial Accounting
MACROECONOMICS FOR TODAY
Understanding Management (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
Principles of Microeconomics
Economics: Private and Public Choice (MindTap Course List)
Micro Economics For Today
Microeconomics: Private and Public Choice (MindTap Course List)