The following selected accounts appear in the ledger of Sliver Slipper, Inc, on January 1, 2012, the first day of the fiscal year: Preferred 6% stock, cumulative, $3 par (1, 500,000 shares authorized) $ 1, 500,000 Paid-in-capital in excess of par - preferred stock 2, 550,000 Common stock, $2 par (5,000,000 shares authorized) 3,000,000 Paid-in-capital in excess of par - common stock 8, 755,000 Retained earnings 6,000,000 How many shares of preferred stock are issued on January 1, 2012? _____ How many shares of common stock are issued on January 1, 2012? _____ How many shares of common stock are outstanding on January 1, 2012? _____ Justify your answer _____