Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the Merck & Co., Inc., balance sheet. Merck & Co., Inc. Stockholders' Equity ($ millions) Dec. 31, 2014 Dec 31, 2013 Common stock, $0.50 par value Authorized- 6,500,000,000 shares Issued-3,256,148,960 shares in 2014 and 2013 $1,628 $1,628 Other paid-in capital 35,698 36,987 Retained earnings 46,021 39,257 Accumulated other comprehensive loss (4,323) (2.197) 79,024 75,675 Less treasury stock, at cost: 735,998,452 shares in 2014 and 649,576,808 shares in 2013 31,059 27,896 Total Merck & Co., Inc. stockholders' equity $47,965 $47,779 a. Explain the derivation of the $1,628 million in the common stock account. Complete the calculation of total amount of shares. Enter share amounts in millions ($3,000,000 = $3). Round share amounts to the nearest whole number. million shares X $ million b. Using December 31, 2014 balances, at what average issue price were the Merck common shares issued? Round answer to two decimal places, c. At what average cost was the Merck treasury stock as of December 31, 2014? Round answer to two decimal places. d. How many common shares are outstanding as of December 31, 2014? Enter full number - do not convert to millions or round answer. shares