The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015, 795 million shares had been issued and the number of shares in treasury stock was 108 million. During 2016, the only common share transactions were that 16 million common shares were reissued from treasury and 27 million common shares were purchased and held as treasury stock Required: Determine the number of common shares (issued. (b) in treasury, and millions.) outstanding at the end of 2016. (Enter your answers in Number of Coon Shan () dood Troy Stock Shares Outstanding (c) nect Assignment i Required information [The following information applies to the questions displayed below) Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $2 par value. During its first year, the following selected transactions were completed: a. Issued 5,500 shares of common stock for cash at $20 per share b. Issued 1,500 shares of common stock for cash at $23 per share Required: 1. Complete the table below, indicating the account, amount, and direction of the effect for the above transactions (Enter any decreases to account balances with a minus sign.)