Hermann Enterprises reported the following information at December 31: Preferred Stock, $5 par, 10,000 shares authorized $35,500 Additional paid-in capital – preferred stock 9,900 Common stock, $1par, 6,000 shares authorized 3,600 Additional paid-in capital – common stock 8,700 Retained earnings 17,000 Treasury stock, at cost of $8 per share (4,000) Total $70,700 How many shares of common stock are outstanding?
2,500
2,600
3,100
3,600