4 Required information Part 1 of 5 {The following information applies to the questions displayed below.) - The stockholders' equity section of Velcro World is presented here. 2 points eBook VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings $ 5,500 25,000 842,000 872,500 283.000 (324,000) $ 831,500 References Treasury stock, 12,000 common shares Total stockholders' equity Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 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 07 Required information Part 2 of 5 (The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. 2 points eBook VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 12,000 common shares Total stockholders' equity $ 5,500 25,000 842,000 872,500 283,000 (324,000) $ 831,500 References Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 2. How many shares of common stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares 6 Required information Part 3 of 5 [The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World i presented here. 2 points VELCRO WORLD eBook Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 12,000 common shares Total stockholders' equity S 5,500 25,000 842,000 872,500 283,000 (324,000) References $ 831,500 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 3. If the common shares were issued at $25 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share 7 ! Required information Part 4 of 5 (The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. 2 points VELCRO WORLD eBook Balance Sheet (partial) ($ and shares in thousands ) Stockholders' equity: Preferred stock, i par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 12,000 common shares Total stockholders' equity $ 5,500 25,000 842,000 872,500 283,000 (324,000) References $ 831,500 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. If retained earnings at the beginning of the period was $245 million and $25 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.e., 5,000,000 should be entered as 5).) Net income million 8 Required information Part 5 of 5 (The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. 2 points VELCRO WORLD eBook Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 12,000 common shares $ 5,500 25,000 842,000 872,500 283,000 (324,000) References Total stockholders' equity $ 831,500 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 5. What was the average cost per share of the treasury stock acquired? Average cost per share