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Please fast!!! Question 4 (3 points) 1 Page 2 The December 31, 2018 balance sheet of Randy Ine. Included the following in Shareholders' Equity Common

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Question 4 (3 points) 1 Page 2 The December 31, 2018 balance sheet of Randy Ine. Included the following in Shareholders' Equity Common shares, 80,000 shares outstanding $1,000,000 Preferred shares, cumulative, S4, 6,000 shares outstanding 600,000 Retained earnings 1.500.000 Contributed Surplus-repurchase 49,500 Page 3 Page 4: Page 5: 5 Additional information regarding Randy Inc. during 2019 was made available: January 1: Issued 20,000 common shares in exchange for $800,000 cash. May 30: Declared cash dividends at a total of $120,000. September 15: Declared and distributed 2% stock dividends when the market was trading a $50 per share. October 20: Paid cash dividends declared on May 30. December 1: Paid $850,000 to repurchase and cancel 18,000 common shares that had been initially issued for $700,500. Re 6: Note: 2019 net income totaled $2,650,000. Randy Inc. didn't pay any dividends in 2018 &e 3: 4. Additional information regarding Randy Inc. during 2019 was made available: January 1: Issued 20,000 common shares in exchange for $800,000 cash. May 30: Declared cash dividends at a total of $120,000 September 15: Declared and distributed 2% stock dividends when the market was trading at $50 per share. October 20: Paid cash dividends declared on May 30. December 1: Paid $850,000 to repurchase and cancel 18,000 common shares that had been initially issued for $700,500. Note: 2019 net income totaled $2,650,000. Randy Inc. didn't pay any dividends in 2018 Required: Determine the number of outstanding common shares at December 31, 2019. Clearly show calculations for numbers that are not given MacBook Pro

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