ckholders' E13.12 (LO 2, 3), AN Financial Statement Writing The stockholders' equity section of Haley Corporation at December 31 is as follows. Paid-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 paid-in capital Haley Corporation Balance Sheet (partial) 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 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 outst tstanding? b. Assuming there is a stated value, what is the stated value of the common stock?

tholders B13.12 (LO 2, 3), AN Financial Statement Writing The stockholders' equity section of Haley Corporation at December 31 is as follows. Haley Corporation Balance Sheet (partial) Paid-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 paid-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 3,358,0001,858,000 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