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Paden City reported the following information at December 31: Preferred Stock. $2.00 par, 10,000 shares authorized $5,400 Additional paid-in capital - preferred stock 4,995 Common

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Paden City reported the following information at December 31: Preferred Stock. $2.00 par, 10,000 shares authorized $5,400 Additional paid-in capital - preferred stock 4,995 Common stock. $1.00 par, 6,000 shares authorized 1,800 Additional paid-in capital - common stock 4,350 Retained earnings 8,500 Treasury stock at cost of $4 per share (1.000) Total $ 24,045 How many shares of common stock are outstanding? Select one: O a 2.050 b. 5.900 OC 1.550 d. 800

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