how are they getting the 74k shares for the retained earning formula ?

PROBLEM 5: (6 pts.) Stockholders Equity On December 31, 2017, Bexo Company reported the following on its balance sheet (many accounts are excluded): Cash Notes Payable Unearned Liabilities Treasury stock ($8 per share, at cost) Retained earnings Common stock, par $5; (authorized 100,000 shares) Additional paid-in capital Total contributed capital $22,000 $50,000 $40,000 ($16,000) $130,000 $400,000 $140,000 $ 540,000 . Additional Information: Repurchased 4,000 shares common stock on January 15th, 2018 for $9 per share. On November 1st, 2018 Bexo Company issued and paid cash dividends of 50 cents per share Had 2018 net income of $300,000 Required: Use the additional information for 2018 and 2017 balances to create the ending 2018 Stockholders' Equity section of the Balance Sheet. Only show Stockholders' Equity accounts. Creating the entire balance sheet is not necessary and will result in point deductions. Stockholders' Equity Common Stock $ 400,000 Additional Paid-in-capital $ 140,000 Treasury Stock $(52,000) Retained Earnings $ 393,000 140k 16k +36k (4,000x9) 130k+300k-37k (.5*74k shares) Total Stockholders' Equity $ 881,000