[The following information applies to the questions displayed below.] Sun Corporation received a charter that authorized the issuance of 98,000 shares of $7 par common stock and 21,000 shares of $125 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 January 5 January 12 April 5 December 31 December 31 Year 2 February 15 March 3 May 5 December 31 December 31 Sold 14,700 shares of the $7 par common stock for $9 per share. Sold 2,100 shares of the 5 percent preferred stock for $135 per share. Sold 19, 600 shares of the $7 par common stock for $11 per share. During the year, earned $312,100 in cash revenue and paid $239, 400 for cash operating expenses. 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. Paid the cash dividend declared on December 31, Year 1. Sold 3, 150 shares of the $125 par preferred stock for $145 per share. Purchased 500 shares of the common stock as treasury stock at $14 per share. During the year, earned $245,200 in cash revenues and paid $180,000 for cash operating expenses. Declared the annual dividend on the preferred stock and a $0.25 er 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.

[The following information applies to the questions displayed below.] Sun Corporation received a charter that authorized the issuance of 98,000 shares of $7 par common stock and 21,000 shares of $125 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 January 5 Sold 14,700 ghares of the $7 pa coanon stock for $9 pez sharo. January 12 Sold 2,100 shares of the is percent preferced stock for $135 per share. Apri2 S Sold 19,600 shates of the 37 par common stook tor 5:1 per share. Decembex 32 During the year, earned $312,100 in cash revonue and paid $239,400 for cash operating expenses. Decenber 31 Declared the cash dsviderid on the outatanding thares of preforred zcock tor Year 1 . The Year 2 tebruary 15 March 3 May 5 December 31 Decetber 31 Paid the cash dividend declared on pecember 3i, rear il. Sold 3,150 ahares of the $125 par proterzed ntock for $145 per share. furchated 500 shares of the comonon stock as treasury stock at $14 per sharo. puring the year, earned $245,200 in cash revenues and paid $180,000 tor casin operating expenates. Feclared the annual divadend on the preferted stock and a 50.25 hir share dividend on the compon trock. 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 een issued at the end of Year 1? At the end of Year 2? lote: Amounts to be deducted should be indicated with minus sign