Frey and Felder has sales in excess of $83 billion and sells products that are part of most of our daily lives. A recent annual report for F&F contained the following information.

a. Retained earnings at the end of 2013 totaled $80,697 million

b. Net income for 2014 was $11,893 million

c. Par value of the stock is $1 per share

d. Cash dividends declared in 2014 were $6,900 million

e. The common stock account totaled $4,059 million at the end of 2014 and $4,059 million at the end of 2013

Assume that no other information concerning stockholders' equity is relevant:

Required:

1. Estimate the number of shares issued at the end of 2014.

2. Estimate the amount of retained earnings at the end of 2014.