The Melody Corporation will authorize to issue a maximum of 3,000,000 shares of 1,5 EUR par value common stock. During firs year of operation, Melody issued 1,200,000 shares at 12 EUR per share. It later acquired 65,000 of these shares as treasury stock for 24 EUR per share. Based on the above information, answer the following questions: How many shares were issued? (5 points) How many shares are outstanding? (5 points) What is the balance of the Common Stock account? (5 points) What is the balance of the Treasury Stock account? (5 points)
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