My question is the second part, "Refer to the data from problem 1.."

On October 1, Beezus Corporation acquired 10.000 shares of its own $4 par common stock 101 $28 per share. On December 15, 8,000 shares of the treasury stock is sold for $35 per share. Journalize the purchase and sale of the treasury stock assuming that the company uses the cost method. Oct 1 $280,000 Treasury Stock $280,000 Cash (10,000 x 28) Cash (8,000x35) $80,000 ladd. Paid in Capital - T. Stock Treasury Stock Dec 15 $56,000 $224,00 *Refer to the data from Problem 1. If there were 1,000,000 authorized shares and 100,000 issued shares at October 1, how many shares were outstanding after the December 15th transaction? Page 2