QUESTION 1 The following data is available for Reedus-Pointer Corporation at January 31, 2019: Common stock, par $10 (authorized 100,000 shares) $500,000 Treasury Stock (common, at cost $15 per share) $ 27,000 Based on the data, how many shares of common stock are outstanding? a. 38,200 b. 40,000 c. 48,200 d. 50,000 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Kalmoose Corporation at December 31, 2020 Common Stock ($6 stated value) $2,200,000 Paid-in Capital in Excess of Par-Preferred Stock 280,000 Pald-in Capital in Excess of Stated Value ---Common Stock 800,000 Preferred Stock (8%, $100 par, noncumulative) 600,000 Retained Earnings 1,334,000 Treasury Stock-Common (10,000 shares) 120,000 Instructions Prepare the stockholders' equity section of the balance sheet at December 31, 2020. Include relevant information such as issued and outstanding shares