The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 10,000 shares authorized, 5,000 shares issued, and 3,000 shares outstanding $50,000

Paid-in capital in excess of par value, common stock $40,000 Retained earnings $15,000 Treasury stock $31,200

Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:

$1,560 $12,000 $3,120 $2,000 $7,000