Clockworks Company began business on January 1 and immediately issued 600,000 shares of its $2 par value common stock for $16,000,000. At the end of the year it paid $600,000 in cash dividends. In midyear, the firm bought back some of its own shares. The company reports the following additional information at December 31: Net income $3,500,000 Common stock $1,200,000 Retained earnings beginning of year $0 Common shares authorized 1,000,000 Shares outstanding at year end 400,000 Required: Using the data above, answer the following questions A. How much is the Additional Paid-in Capital account at the end of the year? B. What is the amount of retained earnings at the end of the year. C. How many shares of stock are in the treasury at the end of the year