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[The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here VELCRO WORLD Balance Sheet (partial) ($

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[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 Common stock, $1 par value Additional paid-in capital $5,600 26,000 902,000 Total paid-in capital Retained earnings Treasury stock, 10,000 common shares 933,600 284,000 (280,000) Total stockholders' equity $ 937,600 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. value: 5.55 points 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

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