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Problem 10-4B Analyze the stockholders' equity section (L010-7) [The following information applies to the questions displayed below) The stockholders' equity section of The Seventies Shop

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Problem 10-4B Analyze the stockholders' equity section (L010-7) [The following information applies to the questions displayed below) 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 12,000 Additional paid-in capital 21,680 Total paid-in capital 33,600 Retained earnings 45,000 Treasury stock (2, 100) Total stockholders' equity $76,500 $ Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands Problem 10-4B Part 4 4. If retained earnings at the beginning of the period was $38 million and net income during the year was $9,065,500, how much was paid in dividends for the year? (Enter your answer in dollars not in milions. (.e., 5 should be entered as 5,000,000). Dividends pald 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 $ B 12,000 21,600 33,600 45,000 (2,100) $76,500 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands Problem 10-4B Part 5 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.) Number of shares

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