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, 31 par value Common stock, 51 par value Additional paid in capital Total paid-in capital Retained earnings Treasury stock, 10,eee common shares Total stockholders' equity $ 5,600 26,000 902, Bee 933, 60e 2B4,000 (280, eee) $ 937,689 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 $26 per share, at what average price per share were the preferred shares issued? Preferred shares issued price $ per share 4.1f retained earnings at the beginning of the period was $246 million and $26 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (le, 5,000,000 should be entered as 51) Net income $ 11 million 5. What was the average cost per share of the treasury stock acquired? Average cost per share