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The Landmark Company reported the following information in the stockholders' equity section of its December 31, 2019, balance sheet: 7% Cumulative, Non-participating Preferred Stock, $10

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The Landmark Company reported the following information in the stockholders' equity section of its December 31, 2019, balance sheet: 7% Cumulative, Non-participating Preferred Stock, $10 par, 5,000 $ 50,000 shares authorized, issued, and outstanding, callable at par value Common Stock, $12 par, 100,000 shares authorized 600,000 Paid-in Capital in Excess of Par-Common Stock 25,000 Retained Earnings 825,000 What is the number of shares of common stock issued and outstanding? Multiple Choice 5,000 50,000 6,000 100,000 SS **

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