3. If the common shares were issued at $17 per share, at what average price per share were the preferred shares issued?

4. If retained earnings at the beginning of the period was $237 million and $17 million was paid in dividends during the year, what was the net income for the year?

5. What was the average cost per share of the treasury stock acquired?

The stockholders' equity section of Velcro World is presented here Balance Sheet (partial) $ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital $4,700 17000 441,200 Total paid-in capital Retained earnings Treasury stock, 11,000 common shares 462,900 275,000 (209,000) Total stockholders' equity $ 528,900 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands