Answer questions about stockholders' equity section. (LO 2, 3, 4) E13-10B The stockholders' equity section of Ralston Corporation at December 31 is as follows. RALSTON CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, 10,000 shares authorized, 4,000 shares issued and outstanding $ 300,000 Common stock, no par, 750,000 shares authorized, 400,000 shares issued 1,200,000 Total paid-in capital 1,500,000 Retained earnings 1,858,000 Total paid-in capital and retained earnings 3,358,000 Less: Treasury stock (15,000 common shares) 64,000 Total stockholders' equity $3,294,000 Exercises: Set Instructions From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions. (a) How many shares of common stock are outstanding? (b) Assuming there is a stated value, what is the stated value of the common stock? (c) What is the par value of the preferred stock