! Required information [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 Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $ 0 11,500 18,400 29,900 44,500 (2,000) $72,400 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 2. How many shares of common stock have been issued? (Enter your answer in total number of shares, not in thousands.) Number of shares 3. Total paid-in capital is $29.90 million. At what average price per share were the common shares issued? Common share issued per share 4. If retained earnings at the beginning of the period was $36 million and net income during the year was $10,240,000, 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 5. If the treasury stock was purchase at $16 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.) Number of shares 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