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The stockholder's 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 Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (10,000 common shares) Total stockholders' equity 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. How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? What is the par value of the preferred stock