The following details and account balances are provided for the equity section of a balance sheet. Preferred stock, $75 par value, 10,000 shares authorized, for $300,000 Common stock, no par, 700,000 shares authorized, 400,000 shares issued for $1,200,000 Treasury stocks amounted to $75,000 at a cost of $3 per share Retained earnings amount to $800,000 With these information, answer the following questions: The number of preferred stock issued and outstanding is outstanding number of common stock is Common stock will have a state value of $ For Blank 1 stockholder's equity will have a balance of $ If this entity decides to sell some of the 5,000 shares of treasury stocks when the price has changed by 100%, then the journal entry will debit or credit for $ debit or credit ' and debit or credit this transaction will be $ $ and the for $ to PIC account. The balance in the treasury stock account after Also, if a quarter of the remaining un-issued share were issued at the prevailing price, common stock account will increase, decrease, or not change by $