Reconciling Common Stock and Treasury Stock Balances Assume this is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Shareholders' Equity (thousands, except par value amounts) January 29, 2011 January 30, 2010 Class A common stock-$0.01 par value: 150,000 shares authorized and 103,300 shares issues at January 29, 2011, and January 30, 2010, respectively $350,291 $340,486 Retained earnings 2,272,317 2, 183,690 Accumulated other comprehensive loss, net of tax (6,516) (8,973) Treasury stock at average cost: 16,054 and 15,314 shares at January 29, 2011 andJanuary 30, 2010, respectively (725,308) 687,286) Total shareholders' equity $ 1,890,784 $ 1,827,917 (a) How many shares are issued at January 29, 2011? 103,300 thousand (b) How many shares are outstanding at 2011 fiscal year end? 87,246 thousand shares outstanding (c) Determine the average price at which Abercrombie & Fitch issued its common stock. (Round your answer to two decimal places.) $ 3.29 X (d) Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares. (Round your answer to two decimal places.) $ 0Analyzing and Computing Average Issue Price and Treasury Stock Cost Following is the stockholders' equity section from the Campbell Soup Company balance sheet. (Note: Campbell's uses shareowners' equity in lieu of the more common title of stockholders equity.). Shareholders' Equity (millions, except per share amounts) July 31, 2016 August 2, 2015 Preferred stock: authorized 40 shares; non issued $ - $ -- Capital stock, $.0375 par value; authorized 560 shares; issued 323 shares 12 12 Additional paid-in capital 354 339 Earnings retained in the business 1,927 1,754 Capital stock in treasury, at cost (664) (556) Accumulated other comprehensive loss (104) (168) Total Campbell Soup Company shareowners' equity 1,525 1,381 Noncontrolling interests 8 4 Total equity $1,533 $1,377 Campbell Soup Company also reports the following statement of stockholders' equity. Campbell Soup Company Accumulated Issued In Treasury Earnings Other Additional Retained in Comprehensive Noncontrolling Total (Millions, except per share amounts) Shares Amount Shares Amount Paid-in Capital the Business Income (Loss) Interests Equity Balance at August 2, 2015 323 $12 (13) $(556) $339 $1,754 $(168) $(4) $1,377 Contribution from noncontrolling interests Noncontrolling Interests Other Activity 9 9 Net earnings (loss) 563 563 Other comprehensive income (loss) 64 3 67 Dividends ($1.248 per share) (390) (390) Treasury stock purchased (3) (143) (143) Treasury stock issued under management incentive and stock option plans 1 35 15 50 Balance at July 31, 2016 Screenshot (15) $(664) $354 $1,927 $(104) $8 $1,533(b) At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.) $ 1.16 X (f) Campbell Soup's stock price was $62.27 onluly 29, 2016 (the closest trading day to fiscal year-end). Determine the company's market capitalization that day. Enter answers in millions. Round answer to the nearest million. 35 0 x million (g) Calculate and interpret the company's market-tobook ratio atJuly 29,2016. Round answer to two decimal places. 0 X Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet. (in thousands, except share data) December 31, 2018 Preferred Shares, $0101 parvalue, 100,000,000 shares authorized, 161,000 shares issued and outstanding $3,220,000 Common Shares, $0110 par value, 650,000,000 shares authorized, 174,130,881 shares issued and outstanding 13,930 Paid-in capital 4,574,788 Accumulated decit (461,888) Accumulated other comprehensive loss (51,248) Total Reliable Storage shareholders' equity $7,295,582 Noncontrolling interests 20,200 Total equity $7,315,782 a. Show the computation to derive the $13,930 thousand for common stock. 0 3: Shares X $ 0 3: per share rounded down to $ 0 b. At what average price has Reliable Storage issued its common stock? $ 0 x c. At what average price has the company issued its preferred shares? $ 0 thousand on the balance sheet