The stockholders equity section of Haley Corporation at December 31 is as follows.

Haley Corporation Balance Sheet (partial)

Paid-in capital Preferred stock, 10,000 shares authorized, 6,000 shares issued and outstanding $ 300,000

Common stock, no par, 750,000 shares authorized, 600,000 shares issued 1,200,000

Total paid-in capital 1,500,000

Retained earnings 1,858,000

Total paid-in capital and retained earnings 3,358,000

Less: Treasury stock (10,000 common shares) 64,000

Total stockholders equity $3,294,000

From a review of the stockholders equity section, as chief accountant, write a memo to the president of the company answering the following questions.

How many shares of common stock are outstanding?

Assuming there is a stated value, what is the stated value of the common stock?

What is the par value of the preferred stock?