Statement of Cash Flows

The following is a list of the items to be included in the preparation of Warrick Company's 2019 statement of cash flows:

1. Net income, $28,600
2. Payment for purchase of building, $90,000
3. Increase in accounts receivable, $7,200
4. Proceeds from issuance of common stock, $42,600
5. Increase in accounts payable, $4,100
6. Proceeds from sale of land, $8,600
7. Depreciation expense, $18,000
8. Payment of dividends, $30,000
9. Gain on sale of land, $3,600
10. Decrease in inventory, $3,200
11. Payment for purchase of long-term investments, $9,200
12. Amortization of discount on bonds payable, $1,900
13. Proceeds from issuance of note, $20,000
14. Increase in deferred taxes payable, $5,400
15. Equipment acquired by capital lease, $17,200
16. Decrease in salaries payable, $2,300
17. Beginning cash balance, $22,600

Question: Assume the company's preferred stock has been selling for $110 per share during 2019. How many shares would the company have had to issue to avoid having a decrease in cash during the year?