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An individual shareholder currently own 10% of the corporation, which has issued 120,000 shares of $7 par value common stock. If the corporation issues an additional 16,000 shares of common stock, determine the following amounts. (enter your answers in the boxes provided. Use commas in your answers) 1. Total number of shares currently owned by the shareholder 2. Total number of shares the shareholder has the right to purchase under the preemptive right 3. Total number of shares the shareholder owns if the preemptive right is exercised 4. Percentage ownership the shareholder has in the corporation if they purchase the additional shares %