The stockholders' equity section of University Fashions is presented here:

UNIVERSITY FASHIONS

Balance Sheet

$($Stockholders$$ Equity Section$)$

$($$ in thousands$)$

Stockholders' equity:

Preferred stock, $ $50$ par value $$50,000$

Common stock, $ $5$ par value $25,000$

Additional paid$-$in capital $120,000$

Total paid$-$in capital $195,000$

Retained earnings $140,000$

Treasury stock $(20,900)$

Total stockholders' equity $$314,100$

Based on the stockholders' equity section of University Fashions, answer the following questions. Remember that all amounts are presented in thousands.

Required:

$1.$ How many shares of preferred stock have been issued?

$2.$ How many shares of common stock have been issued?

$3.$ Assuming the preferred shares were issued at par value, at what average 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?