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b) Read the figure below and answer the questions given: Stockholders' Equity with Common Stock Stockholders' Equity Common Stock - $2 par value; 500,000 shares authorized; 100,000 shares issued and outstanding $ 200,000 Paid-In Capital in Excess of Par 2,300,000 Retained earnings 650,000 Total stockholders' equity $ 3,150,000 i. 11 11i. Which section of the balance sheet is the figure about? What do you understand by par value and excess of par value? Explain. What is the difference between shares authorized and shares issued and outstanding