T 125% + 1 Zoom Add Page T Insert ul Chart De Collaborate View Table Text Shape Media Commen Format Document Section Pages Background Headers & Footers Hide on first page of section The stockholders' equity section of University Fashions is presented here. Match previous section L'niversity Fashions Balance Sheet (Stockholders' Equity Section) Page Numbering Format 1, 2, 3 Numbering Continue from previous section Start at: : 10 S50,000) S25,000 (S 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' equiry 120,000 195,000 Create a new section Sections allow you to start a new header and fouler, page nuinbering. of page background. 140.000 (20.900) $314.100 Required: Based on the stockholders' cquity section of University Fashions, answer the following questions, Remember that all amounts are presented in thousands. 1. How many shares of preferred stock have been issued? 2. Ilow many shares of common stock have been issued? 3. Assuming the preferred shares were issued at par value, at what averuge price per share were the common shares issued? 4. If retained earnings at the beginning of the period was $120 million and net income during the year was $30 million, how much was paid in dividends for the year? 5. If the treasury stock was purchased at $20 per share, how many shares were purchased