Major league apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. the following transactions affect stockholders’ equity during 2012, its first year of operations: jan. 2 issue 118,000 shares of common stock for $65 per share. feb. 14 issue 64,000 shares of preferred stock for $11 per share. may 8 repurchase 11,000 shares of its own common stock for $55 per share. may 31 reissue 7,000 shares of treasury stock for $60 per share. dec. 1 declare a cash dividend on its common stock of $.70 per share and a $32,000 (5% of par value) cash dividend on its preferred stock payable to all stockholders of record on december 15. the dividend is payable on december 30. (hint: dividends are not paid on treasury stock.) dec. 30 pay the dividends declared on december 1. given the information above, what are the amount for "retained earning" and "treasury stock" on the balance sheet?