Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2018:

10.5% cumulative preferred stock, $100 par	$	2,500,000
Common stock, $10 par, 660,000 shares authorized, 200,000 shares issued and outstanding		2,000,000
Additional paid-in capital: Common stock		600,000
Retained earnings (Deficit)		(100,000	)
Dividends in arrears		262,500

How many shares of preferred stock are issued and outstanding?