Shown below is information relating to the stockholders’ equ…

Shown below is information relating to the stockholders’ equity of Baby Shark Corporation as of December 31, 2021: Preferred stock, 8% cumulative, $100 par $600,000 Common stock, $10 par, 500,000 shares authorized, 120,000 shares issued and outstanding 1,200,000 Additional paid-in capital: Common stock 600,000 Retained earnings (deficit) (60,000)   Based on the information above, answer the following questions: How many shares of preferred stock are issued and outstanding? [1] What was the original issue price per share of common stock? [2]