1.) On March 1, 2019, Baltimore Corporation had 60,000 shares of common stock outstanding

with a par value of $5 per share. On March 1, Baltimore Corporation authorized a 10% stock dividend when the market value was $14 per share. Use this information to calculate the amount either (debited) or credited to retained earnings.  Enter as a negative number if retained earnings is debited and a positive number if retained earnings is credited.

2.) The Common Stock account for Baltimore Corporation on January 1, 2018 was $67,500. On July 1, 2018 Baltimore issued an additional 6,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $109,000.  Use this information to determine for December 31, 2018 the amount of Earnings per Share (rounded to the nearest cent).

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