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, $3,900; Retained Earnings, $29,000; Total Stockholders' equity, $34,100. ABC Company has the following transactions affecting stockholders' equity in 2021: May 18 Issues 120 additional shares of $2 par value common stock for $5 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 $50 per share. December 31 Net income for the year ended December 31, 2021, is $900. Required: How many shares of common stock have been issued in total? multiple choice 1 720 1320 690 1290 What is the balance of Retained Earnings on December 31, 2021? multiple choice 2 $29,210 $28,610 $28,580 $29,810 What is the (debit) balance of the Treasury Stock account on December 31, 2021? multiple choice 3 $400 $200 $500 $1,200 What is the balance of Additional Paid-in Capital on December 31, 2021? multiple choice 4 $4,460 $4,060 $4,300 $4,340 How is the number of outstanding shares on December 31, 2021? multiple choice 5 710 1,310 110 1,210