Exercise 16-6 Determining how many shares (LO 16-5) Munn Corporation's records included the following stockholders' equity accounts: Preferred stock, par value $15, authorized 20,000 shares Additional paid-in capital-preferred stock $255,000 15,000 Common stock, no par, $5 stated value, 100,000 shares authorized 300,000 Required: How many shares of preferred stock and how many shares of common stock have been issued? Number of preferred shares issued Number of common shares issued No. of shares