Home Read, Study& Practice Gradebook ORION Downloadable eTextbook Assignment> Open Assignment Exercise 11-4 The stockholders' equity section of Pina Colada Corp.'s balance sheet at December 31 is presented here. PINA COLADA CORP Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,333 shares authorized, 6,200 shares issued and outstanding $620,000 Common stock, no par, 742,241 shares authorized, 574,000 shares issued Total paid-in capital Retained earnings 2,342,000 1,175,000 3,517,000 42,133 $3,474,867 Total paid-in capital and retained earnings Less: Treasury stock (7,900 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions (a) How many shares of common stock are outstanding? Common stock outstanding (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stocik per share esc 8 2 4 6 Home Read, Study& Practice Gradebook ORION Downloadable eTextbook Assignment> Open Assignment Exercise 11-4 The stockholders' equity section of Pina Colada Corp.'s balance sheet at December 31 is presented here. PINA COLADA CORP Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,333 shares authorized, 6,200 shares issued and outstanding $620,000 Common stock, no par, 742,241 shares authorized, 574,000 shares issued Total paid-in capital Retained earnings 2,342,000 1,175,000 3,517,000 42,133 $3,474,867 Total paid-in capital and retained earnings Less: Treasury stock (7,900 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions (a) How many shares of common stock are outstanding? Common stock outstanding (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stocik per share esc 8 2 4 6