QUESTION 6 Correct Mark 1.00 out of 1.00 Flag questionEdit question Use the following information to answer the next 3 questions: Hillsdale Corp's Stockholders Equity Preferred Stock, 606, $50 par value, 8,000 shs authorized, shs issued and outstanding $105,000 Common Stock, $4 par value, 20,000 shs authorized, 10,000 shs issued, shs outstanding 40,000 APIC 56,700 0.000 231,700 35,000 15.000 251,700 Preferred Stock Total Paid In Capital Retained Earnings Less: Treasury Stock 4,000 shs Total Stockholders Equity How many shares of preferred stock are issued and outstanding? Select one: a. 8,000 b. 1,500 C. 2,100 d. None of the above N7 incorrect Mark 0,00 out of 1.00 Flag question Edit question How many shares of common stock are outstanding? Select one: a. 10,000 b. 20,000 c. 6,000 d. 4,000