Issuance of shares (5 shares)5050Stock dividend (36 shares)186(186)-Issuance of shares (2 shares)2020Balance, June 30, 2016$2,531$1,939$4,470Requirements1.The income tax rate is 33%. How much income before income tax did Delicious Deserts report on the income statement?
2.What is the stated value of a common share at June 30, 2015?
3.At what price per share did Delicious Deserts issue its common shares during the year?
4.Delicious Deserts statement of changes in shareholders’ equity lists the share transactionsin the order in which they occurred. What was the percentage of the stock dividend? Round to the nearest percentage.