signments/42954 Question 3 View Policies Current Attempt in Progress The stockholders' equity section of Haley Corporation at December 31 is as follows. bort HALEY CORPORATION Balance Sheet (partial) Pald-in capital Preferred stock, 10,000 shares authorized 6,000 shares issued and outstanding Common stock, no par. 750,000 shares authorized, 600,000 shares issued Total pald-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (10,000 common shares) Total stockholders' equity $300,000 1,200,000 1,500,000 1.858.000 3,358,000 64,000 $3.294,000 From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the (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? B 1 T TIE . ia BOOKS * 3 4 5 & 7 8 9 E R T Y P