Chapter Ten Homework i Saved Help Save & Exit Su Check my we Required information Part 3 of 5 [The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. points eBook References 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 $ 5,200 22,000 675, 200 702,400 280,000 (288,000) $ 694,400 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 $22 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share Mc Graw Hill