On January 1,2020, Patriot Company was formed and authorized to issue 50.000 shares of $5 par common stock. Patriot immediately issued 15,000 shares of common stock for $20 per share. The following transactions occurred durits the 2020 fiscal year: April 1: Patriot repurchased 5,000 shares of common stock for $16 per share July 31: Patriot reissued 2,000 shares of common stock for $18 per share November 30; Patriot reissued 1,000 shares of common stock for $15 per share Which of the following is NOT true as of December 31,2020? Patriot has 13,000 common shares outstanding: Patriot has 2,000 common shares in treasury stock. Patriot has issued 15,000 shares of common stock. Patriot is authorized to issue 50,000 total shares of common stock. ALL of the answers above are true