Required information

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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	$	4,600
Common stock, $1 par value		16,000
Additional paid-in capital		401,000
Total paid-in capital		421,600
Retained earnings		274,000
Treasury stock, 12,000 common shares		(216,000	)
Total stockholders' equity	$	479,600

Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands.

a. How many shares of preferred stock and common stock have been issued? (Enter you answer in total number of shares, not in thousands.)

b. If the common shares were issued at $16 per share, at what average price per share were the preferred shares issued?

c. If retained earnings at the beginning of the period was $236 million and $16 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.e., 5,000,000 should be entered as 5).

d. What was the average cost per share of the treasury stock acquired?