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	$ 1,033	$ 1,033
Paid-in capital	349,258	339,453
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 and January 30, 2010, respectively	(725,308)	(687,286)
Total shareholders' equity	$ 1,890,784	$ 1,827,917

(a) Show the computation to yield the $1,033 balance reported for common stock. (Answershares) x ($Answer) = $1,033 thousand (b) How many shares are outstanding at 2011 fiscal year end? Answershares (c) Use the common stock and paid-in capital accounts to determine the average price at which Abercrombie & Fitch issued its common stock. (Round your answer to two decimal places.) $Answer (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.) $Answer