ABC Company has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock ($2 par value), $1,200; Additional Paid-in Capital, $4,200; Retained Earnings, $30,000; Total Stockholders' equity, $35,400. ABC Company has the following transactions affecting stockholders' equity in 2021: May 18 Issues 220 additional shares of $2 par value common stock for $15 per share. May 31 Purchases 40 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. July 31 Pays the cash dividend declared on July 1. August 10 Resells 20 shares of treasury stock purchased on May 31 for $55 per share. December 31 Net income for the year ended December 31, 2021, is $600. Required: How many shares of common stock have been issued in total? 820 1420 780 1380 What is the balance of Retained Earnings on December 31, 2021? O $29,040 $27,840 $27,760 $30,240 What is the (debit) balance of the Treasury Stock account on December 31, 2021? What is the (debit) balance of the Treasury Stock account on December 31, 2021? $700 O $300 O $1,100 O $1,400 What is the balance of Additional Paid-in Capital on December 31, 2021? O $7,460 $6,660 O $7,100 O $5,040 How is the number of outstanding shares on December 31, 2021? O 800 O 1,400 O200 O 1,220