E8-lA. Analyze equity section of balance sheet. (LO I, 5)

Pets Mart reported the following information on the financial statements included with its 2004 annual report. Were any new shares of common stock issued between February 1, 2004, and January 30, 2005? Did the company report a net income for the year ended January 30, 2005? Explain how You know

(dollars in thousands)

Jan. 30, 2005

Feb. 1, 2004

Common stock, par value $0’0001

Authorized:2 50,000,000 shares;

Issued and outstanding 149,517,000 shares

15

at Jan. 30, 2005

144,813,000 shares

14

at February 1 ,2004

Paid- in capital

792,400

705,265

Retained earnings

286,380

132,544