ONLY QUESTON 6 AND 7 PLEASE

3. (7 points) Kilgore Auto Parts reported the following information at December 31, 2004: $60,000 Preferred stock, 20%, S20 par value, cumulative 20,000 Common stock, $5 par value Additional paid-in capital Common stock 30,000 Retained earnings 50,000 Total contributed capital and retained earnings 160,000 Less: Treasury stock (400 shares common stock at cost) 5.000 Total stockholders' equity 1. How many shares of common stock are issued 4000 20000/5 4000 2. How many shares of preferred stock are issued? 3000 60000/20 3000 3. How many shares of common stock are outstanding? 3600 4000 400 3600 4. What was the average price paid for the treasury shares when the company teaquited them? 12.5 5000/400 2.5 5. What is the dividend PER SHARE that preferred shareholders are entitled to when a dividend is declared? 20 0.2 4