Hermann Enterprises reported the following information at December 31:
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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