Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. ($ in thousands) THE SEVENTIES SHOP Balance Sheet, (partial) 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. 5. If the treasury stock was purchased at $16 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.) Number of shares