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Required information Skip to question [ The following information applies to the questions displayed below. ] The stockholders equity section of World of Camping is

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[The following information applies to the questions displayed below.]
The stockholders equity section of World of Camping is presented here.
WORLD OF CAMPING
Balance Sheet (partial)
($ and shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value $4,300,000
Common stock, $1 par value 13,000,000
Additional paid-in capital 293,600,000
Total paid-in capital 310,900,000
Retained earnings 271,000,000
Treasury stock, 12,000,000 common shares (180,000,000)
Total stockholders' equity $401,900,000
Based on the stockholders' equity section of World of Camping, answer the following questions.
Required:
1. How many shares of preferred stock have been issued?
2. How many shares of common stock have been issued?
3. If the common shares were issued at $13 per share, at what average price per share were the preferred shares issued?
4. If retained earnings at the beginning of the period was $233,000,000 and $13,000,000 was paid in dividends during the year, what was the net income for the year?
5. What was the average cost per share of the treasury stock acquired?

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