Current Attempt in Progress The stockholders' equity section of Ayayai Corp's balance sheet at December 31 is presented here. AYAYAI CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 12.200 shares authorized, 7,300 shares issued and outstanding $759,200 Common stock, no par, 724,000 shares authorized, 554,000 shares issued 2.770,000 Total paid-in capital 3,529,200 1,177,000 Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,500 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? 4,706,200 35,000 $4,671,200