Required information [The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here VELCRO WORLD Balance sheet (partial) ($ and shares in thousands) Stockholders' equity Preferred stock, $1 par value Comon stock, $i par value Additional paid in capital Total paid in capital Retained earnings Treasury stock, 10,000 common shares Total stockholders' equity $ 4,200 12,000 262,200 278,400 270,000 140,000) $ 408,400 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares