The shareholders' equity section of Max Inc. provides information as follows: Stockholders' equity Common stock, $1 par, 250,000 shares authorized, 75,500 shares issued, 72,000 shares outstanding Paid-in capital in excess of par-Common stock Retained earnings Accumulated other comprehensive income Less: Treasury stock, 3.500 shares at cost Total equity attributable to Nakoma Inc. stockholders Equity attributable to noncontrolling interests Total stockholders' equity During 2020, Max Inc. has the following transactions: On March 25, 2020, Max Inc. declared and issued a 10% stock dividend. $75,500 480,000 360,000 48,000 (55,000) $908,500 5,000 $913,500 On March 30, 2020, Max Inc. reacquired and retired 1,000 shares of common stock at $13.50 per share. On June 30, 2020, Max Inc. purchased 2,200 common shares for the treasury at $18 per share. On December 15, 2020, Max Inc. retired 2,400 treasury shares. Required: Given the transactions above, on December 31, 2020, 1. The number of authorized shares is shares. 2. The number of issued shares is shares. 3. The number of outstanding shares is shares. 4. The number of treasury shares is shares. Answer 1: (You left this blank)