The stockholders' equity section of leyland corporation's balance sheet at december 31 is presented here. leyland corporationbalance sheet (partial)stockholders' equity: paid-in capital preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding $600,000common stock, no par, 750,000 shares authorized, 580,000 shares issued 2,900,000total paid-in capital 3,500,000retained earnings 1,158,000total paid-in capital and retained earnings 4,658,000less: treasury stock (6,000 common shares) 32,000total stockholders' equity $4,626,000instructions from a review of the stockholders' equity section, answer the following questions.(a) how many shares of common stock are outstanding? (b) assuming there is a stated value, what is the stated value of the common stock? (c) what is the par value of the preferred stock?