Outstanding stock represents the: Number of shares that are currently held by stockholders. Number of shares that have been sold. Number of shares that have been repurchased by the corporation. Maximum number of shares that can be issued. Dusty Corporation began business on January 1, 2020. The corporate charter authorizes issuance of 100,000 shares of .01 par value common stock and 10,000 shares of $1 par value, 10% cumulative preferred stock. On July 1, 2020, Dusty issued 30,000 shares of common stock in exchange for three years of rent on a retail location. The cash rental price is $4,200 per month and the rental period begins July 1. How should Dusty adjust its financial statement for the issuance of the shares on July 12 Increase cash by $151,200, and increase prepaid rent by $151,200. Increase prepaid rent by $151,200, and increase common stock by $151,200. Increase prepaid rent by $151,200, increase common stock by $300, and increase additional paid-in capital by $150,900 Increase prepaid rent by $151,200, increase common stock by $150,900, and increase additional paid-in capital by $300