Exercise 11-4 The stockholders' equity section of Sheffield Corp.'s balance sheet at December 31 is presented here SHEFFIELD CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Common stock, no par, 748,707 shares authorized, 579,000 shares issued Total paid-in capital Retained earnings Preferred stock, cumulative, 11,000 shares authorized, 6,600 shares issued and outstanding 693,000 1,737,000 2,430,000 1,199,000 3,629,000 33,600 $3,595,400 Total paid-in capital and retained earnings Less: Treasury stock (6,300 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 (b) Assuming there is a stated value, what is the stated value of the common stock? shares The stated value of the common stock per share