ABC Company has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock ($2 par value), $1,000; Additional Paid-in Capital, $4,000; Retained Earnings, $28,000; Total Stockholders' equity, $33,000. ABC Company has the following transactions affecting stockholders' equity in 2021: May 18 Issues 200 additional shares of $2 par value common stock for $20 per share. May 31 Purchases 60 shares of treasury stock for $35 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. Pays the cash dividend declared on July 1. 10 Resells 25 shares of treasury stock purchased on May 31 for $48 per share. July 31 August December Required: 31 Net income for the year ended December 31, 2021, is $900. How many shares of common stock have been issued in total? 700 1200 640 1140 What is the balance of Retained Earnings on December 31, 2021? $27,620 $26,620 $26,500 $28,620 What is the balance of Additional Paid-in Capital on December 31, 2021? O $7,925 $7,275 O $7,675 $4,725 How is the number of outstanding shares on December 31, 2021? 665 1,165 165 1,035