Based on the data, how many shares of commn stock aie ousanuny O a 50,000 b. 38.200 c 48,200 o d 40,000 QUESTION 11 On January 1,2018, Lundy Corporation had Retained Earnings of $400,000. During the year. Lundy had the following selected transactions Declared stock dividends of $50,000 2Declared cash dividends of $90,000. 3 A 2-for-1 stock split involving the issuance of 200,000 shares of $5 par value common stock for 100,000 shares of $10 par value common stock Incurred a net loss of $70,000 4 Instructions: Prepare a retained earnings statement for the year Click Save and Submit to save and submit. Click Save All Answers to save all answers DOLL