The following details and account balances are provided for the equity section of a balance sheet Preferred stock, 575 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 sued and outstanding is 4000 Common stock will have a state value of 5 3 and the outstanding number of common stock is 375000 Total stockholder's equity will have a balance of 5 207500 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 debitor credit 1 stock for $ 15000 debitor credit fors and debitor credit to PIC account. The balance in the treasury stock account after this transaction will be 5 Also, la quarter of the remaining un-issued share were issued at the prevailing price, common stock account will increase, decrease, or not change bys