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Paid-in capital excess of par Number of Treasury shares Treasury stock amount Retained earnings BALANCES AT December 31, 2019 $ 0 (30,561 ) $ (524,321

Paid-in capital excess of par Number of Treasury shares Treasury stock amount Retained earnings
BALANCES AT December 31, 2019 $ 0 (30,561 ) $ (524,321 ) $ 1,673,382
Net earnings - - - 242,941
Sales of common stock under option plans (5,181 ) 377 10,738 -
Cash dividends declared on common stock: $0.5375 per share - - - (68,952 )
Compensation under employee incentive plans (1,802 ) 395 9,408 -
Treasury shares exchanged for Acquisitions 139,209 20,449 318,293 -
Purchase of shares for treasury - (6,668 ) (122,906 ) -
BALANCES AT December 31, 2020 132,226 (16,008 ) (308,788 ) 1,847,371
Net earnings - - - 81,965
Sales of common stock under option plans (3,538 ) 279 7,095 -
Cash dividends declared on common stock: $0.5475 per share - - - (72,903 )
Compensation under employee incentive plans (196 ) 366 8,271 -
Purchase of shares for treasury - (2,933 ) (48,678 ) -
BALANCES AT December 31, 2021 $ 128,492 (18,296 ) $ (342,100 ) $ 1,856,433

From the Statement of Cash Flows: Cash flows from financing activities:

2021 2020
Dividends paid $ 72,244 $ 66,932

1. What was the average cost per share of the treasury stock purchased by Composition during 2020 and 2021, respectively?(Round your final answers to 2 decimal places.)

2. What was the fair value of the treasury stock exchanged for asset acquisitions for 2020?

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