Use the following information to answer the next 3 questions:
hillsdale corp's stockholders equity
preferred stock, 6%, $50 par value, 8,000 shs authorized
shs issued and outstanding $105,000
common stock, $4 par value, 20,000 shs authorized,
10,000 shs issued, shs outstanding 40,000
apic
preferred stock 56,700
common stock 30,000
total paid in capital 231,700
retained earnings 35,000
less: treasury stock, 4,000 shs 15,000
total stockholders' equity 251,700.
how many shares of preferred stock are issued and outstanding?