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The stockholders equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50

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 $0
Common stock, $5 par value 16,000
Additional paid-in capital 54,400
Total paid-in capital 70,400
Retained earnings 49,000
Treasury stock (2,900)
Total stockholders' equity $116,500

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.)

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