RKJ Company has provided the following information: 100,000 shares of $5 par value common stock are authorized 61,000 shares have been issued 56,000 shares are outstanding The 61,000 shares of issued common stock were issued for $7 per share. Which of the following statements is correct? RKJ Company has provided the following information: 100,000 shares of $5 par value common stock are authorized 61,000 shares have been issued 56,000 shares are outstanding The 61,000 shares of issued common stock were issued for $7 per share. Which of the following statements is correct