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, $26,000, Total Stockholders' equity, $30,800. ABC Company has the following transactions affecting stockholders' equity in 2021 May 18 Issues 220 additional shares of $2 par value common stock for $10 per share. May 31 Purchases 50 shares of treasury stock for $40 per share. July 1 Declares a cash dividend of $2 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 $51 per share. December 31 Net income for the year ended December 31, 2021, is $800. Required: How many shares of common stock have been issued in total? O 670 1120 620 1070 What is the balance of Retained Earnings on December 31, 2021? $25,560 $24,660 $24,560 $26,460