! Required information (The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value 5,700 Common stock, $i par value 27,000 Additional paid-in capital 964,200 Total paid-in capital 996,900 Retained earnings 285,000 Treasury stock, 11,000 common shares (319,000) Total stockholders' equity $ 962,900 $ Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 3. If the common shares were issued at $27 per share, at what average price per share were the preferred shares issued? Answer is complete but not entirely correct. Preferred shares issued price $ 1% per share