Gtech Holdings Corporation is a technology and communications services company. Its consolidated statement of shareholders equity provides the following information.

	common stock
$ Thousands	shares	par value	additional paid in capital	other	retained earnings	treasury stock
Balace at Feb 29 year 2	36,293,642	363	31,570	-6,783	5,595	-30	30,715
Purchase of 73,463 shares of common stock				-113		-113	-113
Common Stock Issued	5,900,000	59	90,294				90,353
Common Stock issued under stock award plans	765,867	8	8,747				8,755
Tax Benefit from stock compensation			17,467				17,467
Net income					21,694		21,694
Foreign currency translation				-816			-816
Balance at Feb 27, year 3	42,959,509	430	148,078	-7,559	27,289	-143	168,055

1. What is the par value of Gtech common stock?

2. Record the entry for the issuance of 5,900,000 shares of stock in Year 3.

3. What is the book value per share of Gtech at February 29, Year 2, assuming shares in the treasury total 40,090 shares? At February 27, Year 3? Explain why book value per share changed so much from February 29, Year 2, to February 27, Year 3.

4. What was the average price per share paid for common shares acquired during the year ending February 27, Year 3? What were the average proceeds per share for shares issued, other than those issued under stock award plans, during the year ending February 27, Year 3? List any possible reasons why these amounts might significantly differ.