[The following information applies to the questions displayed below] The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common stock ($20 par value; 100,000 shares authorized, 34,000 shares issued, 32,000 shares outstanding) $680,000 Additional paidin capital 163,000 Dividends declared and paid during the year 16,000 Retained earnings at the beginning of the year 75,000 Treasury stock at cost (2,000 shares) (25,000) [ Net income for the year was $30,000. The stock price is currently $22.29 per share