The Stockholders' Equity section of the balance sheets for Ztop Corporation on December 31, 20x0, and December 31, 20X1, along with other selected account balances on the two dates is provided below. (Certain information is missing from the statements.) In 20X1 (the current year), the following transactions affecting equity occurred: a. Additional shares of common stock were issued in July. No other common stock was issued during the year. b. A cash dividend of $0.90 per share was declared and paid on common stock in December. c. The Treasury Stock-Preferred was purchased at par in January. d. Additional preferred stock was issued for cash in July. e. The yearly cash dividend of $0.50 per share was declared and paid on preferred stock outstanding as of December 3, 20x1. 20X1 20x0 $ $ 68,000 78,000 2,000 -0- Stockholders' Equity Paid-in Capital Preferred Stock (5 percent, $10 par, authorized 10,000 shares) Issued Paid-in Capital in Excess of Par Value- Preferred Common Stock ($10 par value, 580,000 shares authorized) Issued Paid-in Capital in Excess of Par Value-Common Total Paid-in Capital Retained earnings Appropriated for Plant Expansion Appropriated for Treasury Stock Unappropriated Total Retained Earnings 780,000 78,000 938,000 580,000 -0- $ 648,000 $ $ 41,000 62,000 142,000 $ 245,000 $1,183,000 16,000 $1,167,000 76,000 -0- 75,000 $ 151,000 $ 799,000 Less Treasury Stock-Preferred Total Stockholders' Equity $ 799,000 Required Analyze Answer the following questions about transactions in 20x1: (Round "sales price per share" answer to 2 decimal places.) 1. How many shares of preferred stock were outstanding at year-end? 2. How many common stock shares were outstanding at year-end? 3. How many shares of preferred stock were purchased as treasury stock? 4. How many shares of preferred stock were issued for cash? 5. What was the sales price per share of the preferred stock issued? 6. What was the total cash dividend on preferred stock? 7. What was the total cash dividend on common stock?