The corporate charter of Pina Colada Corp. allows the issuance of a maximum of 5,000,000shares of $1 par value common stock. During its first three years of operation, Steven issued 2,640,000 shares at $15 per share. It later acquired 88,000 of these shares as treasury stock for $25 per share. Based on the above information, answer the following questions:

How many shares were authorized?

Authorised shares

enter a number of shares shares

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How many shares were issued?

Shares issued

enter a number of shares shares

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How many shares are outstanding?

Outstanding shares

enter a number of shares shares

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What is the balance of the Common Stock account?

Balance of the Common Stock account

$enter a dollar amount

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What is the balance of the Treasury Stock account?

Balance of the Treasury Stock account

$enter a dollar amount