Problem $10-4$A $($Static$)$ Analyze the stockholders' equity section $($LO$10-7)$

$[$The following information applies to the questions displayed below.$]$

The stockholders' equity section of Velcro World is presented here.

$\backslash$table$[[\backslash$table$[[$VELCRO WORLD$],[$Balance Sheet $($partial$)]],],[($$ and shares in thousands$),],[$Stockholders$\text{'}$ equity:,$],[\backslash$table$[[$Preferred stock, $$1$ par value$],[$Common stock. $$1$ par value$]],$$$6,000,000$