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Sweeting Co. reported the following in its statement of equity on January 1: Common stock, $5 par value, authorized 200,000 shares, issued $ 500,000 100,000 shares Additional paid-in capital 1,500,000 Retained earnings 516,000 $2,516,000 Less: Treasury stock, at cost, 5,000 shares -40,000 Total equity $2,476,000 The following events occurred during the year: 1-May1,000 shares of treasury stock were sold for $10,000. 9-Ju 15,000 shares of previously unissued common stock sold for $12 per share. The distribution of a 2-for-1 stock split resulted in the common stock's per-share par value being decreased by 1/2. October 1: Sweeting accounts for treasury stock under the cost method. Laws in the state of Sweeting's incorporation protect shares held in treasury from dilution when stock dividends or stock splits are declared. The number of outstanding common shares at December 31 should be Sweeting Co. reported the following in its statement of equity on January 1: Common stock, $5 par value, authorized 200,000 shares, issued $ 500,000 100,000 shares Additional paid-in capital 1,500,000 Retained earnings 516,000 $2,516,000 Less: Treasury stock, at cost, 5,000 shares -40,000 Total equity $2,476,000 The following events occurred during the year: 1-May1,000 shares of treasury stock were sold for $10,000. 9-Ju 15,000 shares of previously unissued common stock sold for $12 per share. The distribution of a 2-for-1 stock split resulted in the common stock's per-share par value being decreased by 1/2. October 1: Sweeting accounts for treasury stock under the cost method. Laws in the state of Sweeting's incorporation protect shares held in treasury from dilution when stock dividends or stock splits are declared. The number of outstanding common shares at December 31 should be