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Exercise 11-4 The stockholders' equity section of Indigo Corporation's balance sheet at December 31 is presented here INDIGO CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 11,833 shares authorized, 7,100 shares issued and outstanding 710,000 1,665,000 2,375,000 1,151,000 3,526,000 37,333 $3,488,667 Common stock, no par, 717,672 shares authorized, 555,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,000 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 shares