Analyzing and Interpreting Equity Accounts and Comprehensive Income Following is the statement of shareholders' equity from the 2019 10-K for Procter & Gamble Company. Consolidated Statement of Stockholders' Equity Common Shares Dollars in millions; shares in thousands Outstanding Balance, June 30, 2018 2,498,093 Stock $4,009 Reserve Additional for ESOP Common Preferred Paid-In Debt Stock Capital Retirement $967 $63,846 $(1,204) Accumulated Other Comprehensive Treasury Retained Noncontrolling Income (Loss) Stock Earnings Interest $(14,749) $(99,217) $98,641 Total $590 $52,883 Impact of adoption of new accounting standards Net earnings Other comprehensive income (loss) Dividends and dividend equivalents ($2.8975 per share) Common Preferred, net of tax benefits Treasury stock purchases Employee stock plans Preferred stock conversions ESOP debt impacts Noncontrolling interest, net Balance, June 30, 2019 (53,714) 55,734 4,638 93 (39) 6 58 (326) 139 (200) (27) (553) 3,897 69 3,966 1 140 (7,256) (263) (7,256) (5,003) 3,781 33 (263) (5,003) 3,874 99 2,504,751 $4,009 $928 (118) $63,827 $(1,146) $(14,936) $(100,406) $94,918 157 - (248) (366) $385 $47,579 a. How many shares of common stock did Procter & Gamble issue when convertible Class A preferred stock was converted during fiscal year ended June 30, 2019? 6,029 thousand At what average price were the preferred shares converted? Round answer to two decimal places. $ 8.46 b. How many shares did the company issue for employee stock plans during the year? 72,454 thousand