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The shareholders' equity section of Nakoma Inc. provides information as follows: Stockholders' equity Common stock, $1 par, 1,750,000 shares authorized, 500,000 shares issued, 490,000 shares
The shareholders' equity section of Nakoma Inc. provides information as follows: Stockholders' equity Common stock, $1 par, 1,750,000 shares authorized, 500,000 shares issued, 490,000 shares outstanding $500,000 Paid-in capital in excess of par-Common stock 480,000 Retained earnings 360,000 Accumulated other comprehensive income 48,000 Less: Treasury stock, 10,000 shares at cost (55,000) Total equity attributable to Nakoma Inc. stockholders $1,333,000 Equity attributable to noncontrolling interests 5.000 Total stockholders' equity $1,338,000 During 2020, Nakoma Inc. has the following transactions: On January 15, 2020, issued 5,000 shares of $1 par value common stock for $20 per share. On September 20, 2020, sold 2,800 treasury shares at $21 per share. On October 28, 2020, declared and issued a 2-for-1 stock split effected in form of a 100% large stock dividend. On December 15, 2020, retired 4,000 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
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