Sun Corporation received a charter that authorized the issuance of 100,000 shares of $10 par common stock and 50,- shares of $50 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during first two years of operation Year 1 Jan. 5 Sold 6,000 shares of the $10 par common stock for $15 per share 12 Sold 1,000 shares of the 5 percent preferred stock for $55 per share. Apr . 5 Sold 30,000 shares of the $10 par common stock for $21 per share. Dec. 31 During the year, earned $150,000 in cash revenue and paid $88,000 for cash operating expenses. 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1. The dividend will be p on February 15 to stockholders of record on January 10, Year 2. 31 Closed the revenue, expense, and dividend accounts to the retained earnings account Year 2 Feb. 15 Paid the cash dividend declared on December 31, Year 1. Mar 3. Sold 15,800 shares of the $5e par preferred stock for $53 per share. May 5 Purchased 900 shares of the common stock as treasury stock at $24 per Share Dec. 31 During the year, earned $210,000 in cash revenues and paid $98,000 for cash operating expenses. 31 Declared the annual dividend on the preferred stock and a $0.50 per share dividend on the common stock 31 Closed revenue, expense, and dividend accounts to the retained earnings account. Problem 11-25A Part C-1. What is the number of common shares outstanding at the end of Year 17 At the end of Year 2? How many common share been issued at the end of Year 1? At the end of Year 2? (Amounts to be deducted should be indicated with minus sign.) Schedule of Number of Shares of Common Stock Shares Shares Insted Outstanding Year 1 Totals Year 2 Totals Required information Schedule of Number of Shares of Common Stock Shares Shares Issued Outstanding Year 1 Totals Year 2 2 Totals c-2. Is any differences between issued and outstanding common shares for Year 1 and for Year 2 Issued common shares Outstanding common shares