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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

17,500

Additional paid-in capital

70,000

Total paid-in capital

87,500

Retained earnings

50,500

Treasury stock

(3,200

)

Total stockholders' equity

$

134,800

Based on the stockholders equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands.

2. How many shares of common stock have been issued? (Enter your answer in total number of shares, not in thousands.)

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