Karson Corp. received a charter authorizing 120,000 Ordinary Shares at $15 par value per share. During the first year of operations, 40,000 shares were sold at $28 per share. 600 shares were issued in payment of a current operating debt of $18,600. In the first year, the net income was $142,000. During the year, dividends of $36,000 were paid to stockholders. At the end of the year, total liabilities were $82,000.

1. Compute the Share Premium.

2. Compute the Retained Earnings at the end of the calendar period.

3. Compute the outstanding shares.