he accounts of Horrigan Corporation reported the following shareholders' equity account balances on December 31, 2021 Preferred shares, $8 cumulative, unlimited shares uthorized Common shares, unlimited shares authorized, 35,500 $0 $887,500 ares issued and outstanding -tained earnings $975,000 2022, Horrigan Corporation had the following transactions affecting the shareholders' equity accounts Jan 1 Declared a 10% share dividend, distributable on Jan 15 to shareholders of record on Jan 6. Market value of th Jan 15 Distributed the 10% share dividend. July 6 Issued 20,000 preferred shares at $50 per share. Dec 15 The directors declared a total cash dividend of $250,000 payable on Jan 5, 2023 to the Dec 20 shareholde Dec 31 Reported a net loss of $185,000 and closed the Income Summary and Dividends account (if required). Fired: sent all required journal entries for 2022 many common shares were issued and outstanding at December 31, 2022?