Problem 2 On January 1, 2022, Dial Company's records indicated the following: Commonstock,$2parvalue,10,000sharesissuedandoutstandingPaid-in-capitalinexcessofpar,commonstock$20,00070,000 The following transactions occurred in 2014: Mar. 1 The company purchased 2,000 shares of its common stock for $10 per share for the treasury. Jun. I 700 treasury shares are sold for $12 per share. Sep. 1800 treasury shares are sold at $9 per share. Oct. I 300 treasury shares are sold at $7 per share. INSTRULTIONS: a. Record the transactions in general journal format for Dial Company for 2014. b. At December 31, 2022, how many shares of common stock have been issued? c. At December 31, 2022, how many shares of common stock are outstanding