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Schmidt's stockholder's equity section appears below: Preferred Stock, 8% par value $100 Common Stock, $5 par value Additional Paid-in Capital - Preferred Stock Additional Paid-in

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Schmidt's stockholder's equity section appears below: Preferred Stock, 8% par value $100 Common Stock, $5 par value Additional Paid-in Capital - Preferred Stock Additional Paid-in Capital - Common Stock Retained Earnings Treasury Stock, 8,000 shares $200,000 $1,500,000 $ 50,000 $2,700,000 $78,600,000 $ 96,000 1. How many shares of Preferred Stock were issued? 2. How many shares of Common Stock were issued

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