M8-24. Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet January 30, 2016 January 31, 2015 $ Class A common stock $0.01 par value: 150,000 shares authonzedsid 102 300 shares issued al cach ci January 30, 2016 and January 31, 2015... $ 1,033 Paid-in cerital 407,029 Setenci samnings 2,530,196 Accumulated other contorchensive inss, net of tax. (114,619) Treasury stock at average cost: 65.952 and 33.948 sheres 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. M8-24. Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet January 30, 2016 January 31, 2015 $ Class A common stock $0.01 par value: 150,000 shares authonzedsid 102 300 shares issued al cach ci January 30, 2016 and January 31, 2015... $ 1,033 Paid-in cerital 407,029 Setenci samnings 2,530,196 Accumulated other contorchensive inss, net of tax. (114,619) Treasury stock at average cost: 65.952 and 33.948 sheres 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