(Answered) Question - hermann enterprises reported the following

Accounting

Question - Hermann Enterprises reported the following information at December 31:

Preferred Stock, $5 par, 10,000 shares authorized $35,500

Additional paid-in capital - preferred stock 9,900

Common stock, $1par, 6,000 shares authorized 3,600

Additional paid-in capital - common stock 8,700

Retained earnings 17,000

Treasury stock, at cost of $8 per share (4,000)

Total $70,700

How many shares of common stock are outstanding?

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