The following is selected financial information for ABC Co$.$ for $2023$ and $2024$:

ABC issued $2,200$ shares of additional common stock in $2024$ for $$22,000.$ There were no other shareholder transactions. Fill the blanks with the correct amount.

$20232024$

Retained earnings, January $1$ $ $55,000?\_\_\_\_\_\_\_\_\_\_$

Net income $39,00044,000$

Dividends declared and paid $17,00020,000$

Common stock $72,000?\_\_\_\_\_\_\_\_\_\_$

Please show all calculations