The shareholders' equity section of Max Inc. provides information as follows: Stockholders' equity Common stock, $1 par,

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The shareholders' equity section of Max Inc. provides
information as follows:
Stockholders' equity
Common stock, $1 par, 250,000 shares authorized, 75,500
shares issued, 72,000 shares outstanding
$75,500
Paid-in capital in excess of par-Common
stock
480,000
Retained earnings
360,000
Accumulated other comprehensive income
48,000
Less: Treasury stock, 3,500 shares at cost
(55,000)
Total equity attributable to Nakoma Inc.
stockholders
$908,500
Equity attributable to noncontrolling
interests.
5,000
Total stockholders' equity
$913,500
During 2020, Max Inc. has the following
transactions:
On February 28, 2020, Max Inc. declared and issued a
2-for-1 stock split effected in the form of 100% large stock
dividend.
On June 30, 2020, Max Inc. purchased 2,200 common shares
for the treasury at $18 per share.
On January 15, 2020, Max Inc. reacquired and retired
5,000 shares of $1 par value common stock at $20 per
share.
On December 15, 2020, Max Inc. retired 2,400 treasury
shares.
Required: Given the transactions above, on December 31,
2020.
1. The number of authorized shares is
? shares.
2. The number of issued shares is
? shares.
3. The number of outstanding shares is
? shares.
4. The number of treasury shares is
? shares.
(Please try to show the detailed steps, thank you!)