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[The following information applies to the questions displayed below.] Sun Corporation received a charter that authorized the issuance of 91,000 shares of $7 par common stock and 18,000 shares of $100 par, 8 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 January 5 Sold 13,650 shares of the $7 par commion stock for $9 per share. January 12 Sold 1,800 shares of the 8 percent preferred stock for \$110 per share. April 5 Sold 18,200 shares of the $7 par common stock for $11 per share. December 31 During the year, earned $302,900 in cash revenue and paid $235,100 for cash operating expenses. December 31 Declared the cash dividend on the outstanding shares of preferred stock for Year 1 . The dividend will be paid on february 15 to stockholders of record on January 10, Year 2. Year 2 February 15 Paid the cash dividend declared on Decenber 31, Yean-1. March 3 Sold 2,700 shares of the $100 par preferred stock for $120 per share. May 5 Purchased 500 shares of the common stock os treasury stock at \$14 per share. December 31 During the year, earned $250,100 in cash revenues and paid $174, 90e for cash operating expenses. December 31 Declared the annual dividend on the preferred stock and a $0.25 per share dividend on the comion stock. Required a. Organize the transaction data in accounts under an accounting equation. Note: Enter ony decreases to occount balonces with o minus sign. Not all cells require input. c-1. What is the number of common shares outstanding at the end of Year 1? At the end of Year 2? How many common shares had been issued at the end of Year 1? At the end of Year 2? Note: Amounts to be deducted should be indicated with minus sign

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