Roman Company had the following stockholders' equity as of January 1, 2010.

Common Stock, $4 par value, 25,000 shares issued$100,000

Paid-in capital in excess of par$300,000

Retained earnings$320,000

Total stockholder's equity$720,000

During 2010, the following transactions occurred:

• Jan 31Roman issued 5,000 shares of common stock at $10 per share.
• Feb 25Roman repurchased 2,000 shares of treasury stock at a price of $19 per share.
• Mar 21,300 shares of treasury stock repurchased above were reissued at $17 per share.
• Apr 22600 shares of treasury stock repurchased above were reissued at $20 per share.
• Apr 24A 10% stock dividend was declared(the market price of the stock was $15)
• Apr 25The 10% stock dividend was distributed( market price of the stock was still $15)

Required:

1. Prepare journal entries to record the stock transactions in 2010, assuming Roman uses the cost method to account for treasury stock.
2. How many shares of common stock were outstanding as of April 30, 2010?