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 10,000
Additional paid in capital 30,000


Total paid in capital 40,000
Retained earnings 36,750
Treasury stock (2,700)


Total stockholders’ equity $ 74,050





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