of 3 ped [ine following information apples to the questions aisplayed below.) Sun Corporation received a charter that authorized the issuance of 85,000 shares of $4 par common stock and 18,000 shares of $100 par, 7 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 January 5 January 12 April 5 December 31 December 31 Sold 12,750 shares of the $4 par common stock for $6 per share. Sold 1,800 shares of the 7 percent preferred stock for $110 per share.. Sold 17,000 shares of the $4 par common stock for $8 per share. During the year, earned $315,000 in cash revenue and paid $242,200 for cash operating expenses. Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be paid on February 15 to stockholders of record on January 10, Year 2. ook int Year 2 February 15 Paid the cash dividend declared on December 31, Year 1. March 3 May 5 December 31 December 31 Sold 2,700 shares of the $100 par preferred stock for $120 per share. Purchased 500 shares of the common stock as treasury stock at $8 per share.. During the year, earned $248,200 in cash revenues and paid $172,200 for cash operating expenses. Declared the annual dividend on the preferred stock and a $0.25 per share dividend on the common stock. ences eBook Print 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? Note: Amounts to be deducted should be indicated with minus sign. References Year 11 Schedule of Number of Shares of Common Stock Shares Issued Shares Outstanding Totals Year 2 0 Totals c-2. Are there any differences between issued and outstanding common shares for Year 1 and Year 2? Issued common shares Outstanding common shares