Anthem Company has 100,000 shares authorized, 94,000 shares issued, and 22,000 shares of treasury stock. Determine the number of shares outstanding Required information [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 7,000 shares of $5 par value common stock for $42,000 cash. 2. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,500. The stock has a $1 per share stated value. 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,500. The stock has no stated value. 4. A corporation issued 1,750 shares of $25 par value preferred stock for $93,250 cash. Prepare journal entries to record each of the following four separate issuances of stock. Record the issue of 7,000 shares of $5 par value common stock for $42,000 cash. Note: Enter debits before credits. Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,500. The stock has a $1 per share stated value. Note: Enter debits before credits. Record the issue of 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $49,500. The stock has no stated value. Note: Enter debits before credits. Record the issue of 1,750 shares $25 par value preferred stock for $93,250 cash. Note: Enter debits before credits