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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 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.

How many shares of common stock have been issued? (Enter your answer in total number of shares, not in thousands.) Total paid-in capital is $70.40 million. At what average price per share were the common shares issued? If retained earnings at the beginning of the period was $42 million and net income during the year was $10,622,500, how much was paid in dividends for the year? (Enter your answer in dollars not in millions. (i.e., 5 should be entered as 5,000,000).) 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.) How much was the dividend per share? (Hint: Dividends are not paid on treasury stock.) (Round your answer to 2 decimal places.)

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