ABC Company has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock (\$2 par value), \$1,100; Additional Paid-in Capital, \$4,000; Retained Earnings, $25,000; Total Stockholders' equity, $30,100. ABC Company has the following transactions affecting stockholders' equity in 2021: May 18 tssues 190 additional shares of $2 par value eommon stock for $15 per share. May 31 Purchanen 60 sharen of treasury ntock for $40 per share. July 1 beclares a cash dividend of $2 per share to all stockholdern of record on July 15. rint: Dividends are not paid on treasury stock. July 31 Pays the cash dividend declared on July 1. Augunt 10 Resel1s 20 shares of treasury stock purchased on May 31 for $54 per share. Decenber 31 Net income for the year ended Decenber 31,2021 , is $700. Required: What is the balance of Retained Earnings on December 31, 2021? $24,340$23,240$23,120$25,440 What is the (debit) balance of the Treasury Stock account on December 31, 2021? $1,600$1,320$2,160$2,400 What is the balance of Additional Paid-in Capital on December 31, 2021? $6,750$6,190$6,570$4,660 How is the number of outstanding shares on December 31, 2021? 7001,2501501,140