Burglary is a felony punishable by imprisonment in the custody of the Department of Corrections as follows:
1. Burglary in the first degree for any term not less than seven (7) years nor more than twenty (20) years;
2. Burglary in the second degree not exceeding seven (7) years; and 3. Burglary in the third degree not exceeding five (5) years, or by a fine not exceeding Five Thousand Dollars ($5,000.00), or by both such fine and imprisonment.