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The following amounts are taken from the shareholders' equity section of a company's balance sheet as of December 31 Common Stock (12,900 shares issued) ??? Paid-in Capital -- Excess of Par 129,000 Retained Earnings 77,400 Treasury Stock (1,200 shares) (5,160) Total Shareholders' Equity _222 The company is authorized to issue 400,000 common shares having a par value of $4 per share. The stock price at the end of the year was $39. Use the information above to answer the questions below. How many common shares are outstanding? Number of shares outstanding