Analyze equity section of balance sheet. (LO 1, 2, 3, 4)

The following information is from the equity section of the comparative balance sheets of Aloha Cruises Inc.

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a. What was the average issue price per share of the 250,000 shares classified as "issued" at June 30, 2006? (Round the answer to the nearest cent.)

b. What was the average issue price of the 30,000 shares of common stock issued during the fiscal year ending June 30,2006 ?

c. How many shares were outstanding at June 30, 2006? How many shares were outstanding at June 30,2005 ?

d. How many shares did the company buy back during the year? What was the average cost of a share of the treasury shares purchased during the year?
(Assume no treasury stock was sold during the year.)

e. If no dividends were paid, what was net income for the year ending June 30, 2006 ?

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Aloha Cruises, Inc. Consolidated Balance Sheets (amounts in thousands, except share data) Shareholders' equity: Common stock, S0.10 par value; June 30, 2006 June 30, 2005 shares outstanding at June 30, 2005. 250,000 shares issued and shares outstanding at June 30, 2006; and 220,000 shares issued and Additional paid-in-capital Retained earnings $ 25.0 $ 22.0 3,580 3,014 8,237 7,450 Treasury stock, at cost, 14,200 shares at June 30, 2006, and 12,000 shares at June 30, 2005. 213 171.6