At December 31, 2010, the records of Nortech Corporation provided the following selected and incomplete data:

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Common stock (par $10; no changes during 2010). Shares authorized, 200,000. Shares issued, ?; issue price $17 per share. Common stock account $1,250,000. Shares held as treasury stock, 3,000 shares, cost $20 per share. Net income for 2010, $118,000. Dividends declared and paid during 2010, $73,200. Retained earnings balance, January 1, 2010, $155,000.