The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31, Common Stock-$5 par, 500,000 shares authorized $360,000 Paid-In Capital in Excess of Par Common Stock 650,000 Preferred Stock-$100 par, 100.000 shares authorized 510,000 Paid-In Capital in Excess of Par. Preferred 200,000 Retained Earnings 260,000 Treasury Stock (cost - $10 per share) 80,000 How many shares of common stock are outstanding? Your Answer: Answer Question 24 (3 points) The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31 Common Stock - $5 par, 60,000 shares issued $370,000 Paid-In Capital in Excess of Par Common Stock 620,000 Preferred Stock - $100 par, 5,000 shares issued 520,000 Paid-In Capital in Excess of Par-Preferred 190.000 Retained Earnings 290,000 Treasury Stock (cost - $10 per share) 60,000 If net income for the year was $135,000 and a preferred stock dividend of $20,000 was paid, what was the beginning value of retained earnings? Your