Sun Corporation received a charter that authorized the issuance of 109,000 shares of $7 par common stock and 18,000 shares of $100 par, 7 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 January 5 Sold 16,350 shares of the $7 par common stock for $9 per share. January 12 Sold 1,800 shares of the 7 percent preferred stock for $110 per share. April 5 Sold 21,800 shares of the $7 par common stock for $11 per share. December 31 During the year, earned $302,500in cash revenue and paid $240,600 for cash operating December 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1 . The dividend will be paid on February 15 to stockholders of record on January 10 , Year 2. Year 2 February 15 paid the cash dividend declared on December 31 , Year 1 . March 3 Sold 2,700 shares of the $100 par preferred stock for $120 per share. May 5 Purchased 500 shares of the common stock as treasury stock at $14 per share. December 31 During the year, earned $251,700 in cash revenues and paid $172,200 for cash operating expenses. December 31 Declared the annual dividend on the preferred stock and a 50.50 per share dividend on the common stock. c-1. What is the number of common shares outstanding at the end of Year 1 ? At the end of Year 2? How many common shares had been issued at the end of Year 1? At the end of Year 2? Note: Amounts to be deducted should be indicated with minus sign. c-2. Are there any differences between issued and outstanding common shares for Year 1 and Year 2