Western Amusements Corporation had the following stockholders' equity on November $30$:

$($Click the icon to view the stockholders' equity.$)$

On December $30,$ Western purchased $150$ shares of treasury stock at $$12$ per share.

Read the requirements.

Balance Sheet $($Partial$)$

December $31$

Stockholders' Equity

Paid$-$In Capital:

Common Stock $-$ $$5$ Par Value;

$1,300$ shares authorized,

$210$ shares issued, $60$ shares outstanding

Paid$-$In Capital in Excess of Par$-$Common

Total Paid$-$In Capital

Retained Earnings

Treasury Stock$$Common; $150$ shares at cost

Total Stockholders' Equity

Requirements

Journalize the purchase of the treasury stock.

Prepare the stockholders' equity section of the balance sheet at December $31,2018.$ Assume the balance in retained earnings is unchanged from November $30.$

How many shares of common stock are outstanding after the purchase of treasury stock?