The balance sheet for Ronlad Corporation reported 173,000 shares outstanding, 274,000 shares authorized, and 18,000 shares of treasury stock. How many shares have been issued? In a recent annual report, Rosh Corporation disclosed that 60,300,000 shares of common stock have been authorized. At the beginning of the fiscal year, a total of 36,386,357 shares had been issued and the number of shares in treasury stock was 7,201,269. During the year, 560,265 additional shares were issued, and the number of treasury shares increased by 3,049,188. Determine the number of shares outstanding at the end of the year. Note: Amounts to be deducted should be indicated by a minus sign. Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $16 par value, 13,000 shares authorized. Durling the year, the following selected transactions were completed: a. Sold 7,300 shares of common stock for cash at $32 per share. b. Sold 1,400 shares of common stock for cash at $37 per share. c. At year-end, the company reported net income of $6,800. No dividends were declared. E11-5 Part 1 Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and (b). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Sold 7,300 shares of common stock for cash at $32 per share. Note: Enter debits before credits. Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $16 par value, 13,000 shares authorized. During the year, the following selected transactions were completed: a. Sold 7,300 shares of common stock for cash at $32 per share. b. Sold 1,400 shares of common stock for cash at $37 per share. c. At year-end, the company reported net income of $6,800. No dividends were declared. 11-5 Part 1 Required: Prepare the journal entries required to record the sale of common stock in (a) and (b). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Sold 1,400 shares of common stock for cash at $37 per share. Note: Enter debits before credits. Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $16 par value, 13,000 shares authorized. During the year, the following selected transactions were completed: a. Sold 7,300 shares of common stock for cash at $32 per share. b. Sold 1,400 shares of common stock for cash at $37 per share. c. At year-end, the company reported net income of $6,800. No dividends were declared. E11-5 Part 2 2. Prepare the stockholders' equity section of the balance sheet at the end of the year. Note: Amounts to be deducted should be indicated by a minus sign