answer 1-5

Corp. X had the following share information: Preferred Stock - 10,000 shares authorized, 5% 540 par, 6000 shares issued and outstanding. Common Stock - S20 par, 40,000 shares authorized, 20,000 shares issued and outstanding Record the following entries: 1. Corp. X issued 1000 shares of preferred stock at $60. 2. Corp. X issued 5000 shares of common stock at $40. cash CS 200000 200000 3. Corp X repurchased 2000 shares of the common stock and paid $45 each for the shares (2000 *45) -90000 Cash 900000 cm APIC 4. Corp. X resold 1000 of the shares repurchased in #3 for $50. 5. (BONUS) How many shares of common stock are outstanding