At the end of the year, the records of Kwan Corporation provided the following selected and incomplete data:

Common stock $($$$10$ par value$)$; no changes in account during the year.

Shares authorized: $340,000.$

Shares issued: $\_\_\_\_\_\_\_\_\_\_$blank $($all shares were issued at $$16$ per share; $$2,160,000$ total cash collected$).$

Treasury stock: $5,000$ shares $($repurchased at $$14$ per share$).$

The treasury stock was acquired after a stock split was announced.

Net income: $$263,900.$

Dividends declared and paid: $$149,500.$

Retained earnings beginning balance: $$695,000.$ In what section of the balance sheet should treasury stock be reported? What is the amount of treasury stock that should be reported?

Assume that the board of directors voted a $2-$for$-1$ stock split. After the stock split, what will be the par value per share? How many shares will be outstanding?