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Upon submitting its corporate charter to the state, Super Zip-line was granted permission to issue 5,000 shares of $0.30 par value common stock. Net income

Upon submitting its corporate charter to the state, Super Zip-line was granted permission to issue 5,000 shares of $0.30 par value common stock. Net income for the year for Super Zip-line was $82,000. In addition, the following transactions took place during the year:

January 2:

Investors paid Super Zip-line $7 each for 2,100 shares of common stock.

March 12:

Super Zip-line purchases 500 shares of its own common stock for $6.50 per share.

October 31:

Super Zip-line declared a 2-for-1 forward stock split.

As of December 31, show work for how many shares are issued, and how many shares are outstanding.

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