it does not list the par value of perferred stock.

Year 1 Jan. 5 Sold 14,700 shares of the $6 par common stock for $8 per share. 12 Sold 1,800 shares of the 5 percent preferred stock for $110 per share. Apr. 5 Sold 19,600 shares of the $6 par common stock for $10 per share Dec.31 During the year, earned $306,500 in cash revenue and paid $242,300 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for 2018. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2. Year 2 Feb.15 Paid the cash dividend declared on December 31, Year 1. Mar. 3 Sold 2,700 shares of the $100 par preferred stock for $120 per share. May. 5 Purchased 550 shares of the common stock as treasury stock at $12 per share. Dec.31 During the year, earned $251,580 in cash revenues and paid $177,700 for cash operating expenses 31 Declared the annual dividend on the preferred stock and a $0.75 per share dividend on the common stock. b. Prepare the balance sheets at December 31, Year 1 and Year 2. (Amounts to be de SUN CORPORATION Balance Sheet As of December 31, Year 1 Assets 0 Total assets Liabilities 0 Total liabilities Stockholders' equity Total paid-in capital 0 Total stockholders' equity 0 Total liabilities and stockholders' equity 0 25 nts SUN CORPORATION Balance Sheet As of December 31, Year 2 Assets $ Total assets 0 Liabilities Total liabilities Stockholders' equity Total paid-in capital 0 Total stockholders' equity 0 Total liabilities and stockholders' equity c-1. What is the number of common shares outstanding at the end of Year 1? At the end of Year 2? How many common shares had been Issued at the end of Year 1? At the end of Year 2? (Amounts to be deducted should be Indicated with minus slgn.) Schedule of Number of Shares of Common Stock Shares Shares Outstanding Issued Year 1 Totals Year 2 Totals c-2. Is any differences between issued and outstanding common shares for Year 1 and for Year 2? Issued common shares Outstanding common shares