TRIAL BALANCE
December 31, 2018
Account name	Debit	Credit
Accounts Payable		$ 18,000.00
Accounts Receivable	$ 54,000.00
Accumulated Depreciation furniture & fixtures		$ 30,000.00
Accumulated Other Comprehensive Income		$ 16,000.00
Advertising Expense	$ 45,000.00
Allowance for Doubtful accounts		$ 16,000.00
Bad debt expense	$ 16,000.00
Cash	$ 137,000.00
Common Shares (unlimited number of shares authorized, 1000 issued)		$ 50,000.00
Contributed Surplus		$ 10,000.00
Depreciation Expense- Furniture and fixtures
Computer Hardware	$ 115,000.00
Furniture and fixtures	$ 50,000.00
Goodwill	$ 77,000.00
Income tax expense	$ 20,000.00
Income tax payable		$ 11,000.00
Insurance & licensing expense	$ 8,000.00
Note Payable (installments of $13,100/year)		$ 131,000.00
Prepaid Rent	$ 10,000.00
Rent Expense	$ 85,000.00
Retained Earnings, beginning of the year		$ 87,000.00
Revenues		$ 582,000.00
Salaries payable		$ 20,000.00
Salary Expense	$ 331,800.00
Supplies	$ 22,200.00
Totals	$ 971,000.00	$ 971,000.00

1. On December 8, 2018, the company declared $35,000 cash dividends for the year 2018. The dividends were paid on January 8, 2019.
2. On July 1, 2018, the company declared 15% common stock dividends when the market share price was $600. The shares were distributed on November 15th, 2018, when the market share price was $720

Referring to item 1&2 Discuss how dividends declared in the year will affect Common shares and Retained Earnings balances. What will be the outstanding number of common shares as of Dec 31, 2018