urgent

EXERCISE 1

Shown below is information relating to the stockholders' equity of Sania Corporation at December 31, 2020:

8% preferred stock, 150 par, 10,000 shares authorized,? shares issued	900,000
Common stock, 6.50 par, 500,000 shares authorized, ? shares issued and outstanding	2,600,000
Additional paid-in capital: preferred stock	132,000
Additional paid in capital: common stock	2,970,000
Retained earnings	1,551,000
(Assume there are no dividends in arrears)

Question: (a) .How many shares were issued of preferred stock? Of common stock?