Instructions: Interpret the following equity section on a balance sheet and use it to answer each of the following questions. Use Excel formulas, so I can determine how you calculated each answer. Douglas' Donut Shop Balance Sheet (partial of equity section) Stockholders' equity: Preferred stock, $5 par value $ Common stock, $0.50 par value $ 20,000 Additional paid in capital $ 100,000 Total paid in capital $ 120,000 Retained earnings $ 53,000 Treasury stock $ Total stockholders equity $ (3,700) 169,300 How many shares of preferred stock have been issued? How many shares of common stock have been issued? Refer to the total paid-in-capital amount above. At what average price per share were the common shares issued? If retained earnings at the beginning of the period was $45,000 and net income during the year was $9,907, how much was paid for in dividends during the year? If the treasury stock was purchased for $2 per share, how many shares were purchased into treasury? How many shares of common stock are currently outstanding? (Hint: Calculate based on the number of shares issued and the number of shares in treasury). How much was the dividend per share?