The corporation is authorized to issue 100,000 shares of $20 par-value common stock and 20,000 shares of 10 percent, $50 par-value preferred stock (noncumulative and nonparticipating). Required: 1. Answer the following questions: a. How many shares of common stock are outstanding? b. How many shares of common stock are subscribed? c. How many shares of preferred stock are outstanding? d. How many shares of preferred stock are subscribed? e. At what average price has common stock been subscribed or issued