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M8-24. Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet. January 31, 2015 1,033 Stockholders' equity (5 thousands, except par value amounts) January 30, 2016 Class A common stock-$0.01 par value: 150,000 shares authorized and 103,300 shares issued at each of January 30, 2016 and January 31, 2015... $ Paid-in capital 407,029 Retained earnings 2,530,196 Accumulated other comprehensive loss, net of tax.. (114,619) Treasury stock at average cost: 35,952 and 33,948 shares at January 30, 2016 and January 31, 2015, respectively... (1,532,576) Total Abercrombie & Fitch Co. stockholders' equity. 1,295,722 Noncontrolling interests. 4,659 Total stockholders' equity $1,291,063 $ 1,033 434,137 2,550,673 (83,580) (1,512,562) 1,389,701 0 $1,389,701 a. Show the computation to yield the $1,033 balance reported for common stock. b. How many shares are outstanding at 2016 fiscal year-end? c. Use the common stock and paid-in capital accounts to determine the average price at which Aber crombie & Fitch issued its common stock d. Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares