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, $27,000; Total Stockholders' equity, $31,800. ABC Company has the following transactions affecting stockholders' equity in 2021:

May		18		Issues 230 additional shares of $2 par value common stock for $10 per share.
May		31		Purchases 30 shares of treasury stock for $40 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 20 shares of treasury stock purchased on May 31 for $54 per share.
December		31		Net income for the year ended December 31, 2021, is $800.

Required:

What is the balance of Retained Earnings on December 31, 2021?

multiple choice 1

$27,150

$26,700

$26,670

$27,600

What is the (debit) balance of the Treasury Stock account on December 31, 2021?

multiple choice 2

$400

$120

$540

$1,200

What is the balance of Additional Paid-in Capital on December 31, 2021?

multiple choice 3

$6,020

$5,460

$5,920

$4,640

How is the number of outstanding shares on December 31, 2021?

multiple choice 4

670

1,120

220

910