10-4B Analyze the stockholders' equity section (LO10-7) The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity 0 20,000 100,000 120,000 120,000 53,000 (3,700) 169,300 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Required: 1. How many shares of preferred stock have been issued? (Enter your answer in total number of shares, not in thousands.) Number of shares: 0 2. How many shares of common stock have been issued? (Enter your answer in total number of shares, not in thousands.) Number of shares: 4,000,000 3. Total paid-in capital is $120 million. At what average price per share were the common shares issued? Avg. price per share: $ 300.00 4. If retained earnings at the beginning of the period was $45 million and net income during the year was $9.907.500. how much was paid in dividends for the year? (Enter your answer in dollars not in millions. (i.e., 5 should be entered as 5,000,000).) Dividends paid for the year: 5. If the treasury stock was purchase at $20 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.) Shares purchased: 6. How much was the dividend per share? (Hint: Dividends are not paid on treasury stock.) (Round your answer to 2 decimal places.) Dividend per share