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3. The stockholders' equity section of the balance sheet for Mars o orporation as of Dece follows: Stockholders' Equity Preferred stock (6 percent, S12 par,

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3. The stockholders' equity section of the balance sheet for Mars o orporation as of Dece follows: Stockholders' Equity Preferred stock (6 percent, S12 par, cumulative, 100,000 shares authorized) Common stock (no par S5 stated value, 100,000 shares authorized) Paid-in capital in excess of par value, common stock Total contributed capital look G Retained earnings: $60 Retained earnings, unrestricted Retained earnings, restricted Less: Treasury stock, common (5,000 shares at $15 per share) Total stockholders' equity 1. How many shares of preferred stock have been issued? 50,00 160,0 How many shares of common stock have been issued? How many shares of preferred stock are outstanding? How many shares of common stock are outstanding

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