10 The stockholders' equity section of Velcro World is presented here, 4,30 VELCRO WORLD Balance Sheet (partia and shares in thousands) Stockholders' equity: Preferred stock, 31 par value Common stock, 31 par value Additional paid.in capital Total paid.in capital Retained earnings Treasury stock, 12.009 con shares Total stockholders' equity 13.000 293,600 3110,000 271.000 (180,000) 3 401, see Based on the stockholders equity section or Velcro World, answer the following questions. Remember that all amounts are presented in thousands Problem 10.4A Part 1 Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares CA Plex 13 The stockholders' equity section of Velcro World is presented here. 4 of 5 VELCRO WORLD Balance Sheet (partial) s and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, 31 par value Additional paid in capital Total paid-in capital Retained earnings Treasury stock, 12,000 common shares Total stockholders' equity $ 4,300 13, see 293, 686 310, 980 271, see (188,000) 5 481,900 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Problem 10.4A Part 4 4. If retained earnings at the beginning of the period was $233 million and $13 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (e., 5,000,000 should be entered as 5).) Net income million