ABC Company has the following beginning balances in its stockholders' equity accounts on January 1, 2021. Common Stock ($2 par value), $900. Additional Paid-in Capital, $3,900; Retained Earnings, $29,000, Total Stockholders' equity, $33,800. ABC Company has the following transactions affecting stockholders' equity in 2021: May 18 Issues 100 additional shares of $2 par value common stock for $10 per share. May 31 Purchases 50 shares of treasury stock for $35 per share.. July 1 Declares a cash dividend of $1 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock. July 31 Pays the cash dividend declared on July 1. August 10 Resells 30 shares of treasury stock purchased on May 31 for $53 per share. December 31 Net income for the year ended December 31, 2021, is $700. Required: What is the balance of Retained Earnings on December 31, 2021? O $29,200 O $28,750 O $28,700 O $29,650 What is the (debit) balance of the Treasury Stock account on December 31, 2021? O $700 O $160 O $1,060 O $1,750 What is the balance of Additional Paid-in Capital on December 31, 2021? O $5,240 O $4,160 O $4,360 O $4,640 How is the number of outstanding shares on December 31, 2021? O 530 980 O 80 0970