Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, Year 1:

How many shares of preferred stock are issued and outstanding?

17 Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31. Year 1: 4.5% cumulative preferred stock, $100 par value; authorized, '1'? shares; issued and outstanding, 2'? shares $ 1,100,000 Common stock, $10 par value; authorized, 380,000 shares; issued and outstanding, 144,000 shares 1,440,000 El Additional paid-in capital: Common stock 288,000 eEook Retained earnings (Deficit) (72,000) Dividends in arrears 49,500 How many shares of preferred stock are issued and outstanding? Multiple Choice O 38.000 shares 110,000 shares 14,400 shares 0 11,000 shares