M8-25. Reconciling Common Stock and Treasury Stock Balances Following is the stockholders equity section from the Abercrombie & Fitch Co. balance sheet. 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 Abercrombie & 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.

Stockholders' equity S thousands, except par value amounts) January 30, 2016 January 31, 2015 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. S1,033 $1,033 Paid-in capital . 407,029 434,137 Treasury stock at average cost: 35,952 and 33,948 shares at January 30, 2016 and January 31, 2015, reepectively equity. (1,532,576) (1,512,562) 1,295,722 1,389,701 Noncontroling interests Total stockholders' equity 4,659 0 .. $1,291,063 $1,389,701