Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding The following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data). Shareholders' Equity December 31 Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of $ December 31 Common stock, $0.01 par value, 230,000 shares authorized, and 37,462 shares issued as of December 31 Additional paid-in capital Treasury stock, at cost, 4,589 common shares at December 31 Accumulated other comprehensive income (loss) Retained earnings Total shareholders' equity a. Show the computation to derive the $375 thousand for common stock. 37,462 shares X $ 0.01 = 375 375 1,205,698 (747,201) (429) 1,722,271 $2,180,714 thousand (round to the nearest whole number) b. At what average price has Chipotle issued its common stock? Round to two decimal places. $ 32.19 c. How many shares of Chipotle common stock are outstanding as of December 31? 32,873 thousand d. At what average cost has Chipotle repurchased its treasury stock as of December 31? Round to two decimal places. $ 93.6 e. Select the incorrect reason as to why a company would want to repurchase its own stock. OTo offset the dilutive effects of shares issued to employees under stock option plans. OTo raise capital for fund future long-term projects. OTo mitigate a takeover threat by concentrating the remaining shares in "friendly hands." OTo send a signal to the market that the company feels its shares are undervalued.