($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 4,500 Common stock, $1 par value 15,000 Additional paid-in capital 363,000 Total paid-in capital 382,500 Retained earnings 273,000 Treasury stock, 10,000 common shares (170,000) Total stockholders' equity $ 485,500

1. How many shares of preferred stock have been issued?

2. How many shares of common stock have been issued?

3. If the common shares were issued at $15 per share, at what average price per share were the preferred shares issued?

4. If retained earnings at the beginning of the period was $235 million and $15 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).)

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