The balance sheet caption for common stock is the following: Common stock without par value, 3,700,000 shares authorized, 760,000 shares issued, and 710,000 shares outstanding $ 3,500,000 Required: Calculate the average price at which the shares were issued. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. If a cash dividend of $0.14 per share were declared, calculate the total amount of cash that would be paid to stockholders. What accounts for the difference between issued shares and outstanding shares?