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	$	5,400
Common stock, $1 par value		24,000
Additional paid-in capital		784,200
Total paid-in capital		813,600
Retained earnings		282,000
Treasury stock, 11,000 common shares		(286,000	)
Total stockholders' equity	$	809,600

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

-How many shares of preferred stock have been issued?

-How many shares of common stock have been issued?

-If the common shares were issued at $24 per share, at what average price per share were the preferred shares issued?

- If retained earnings at the beginning of the period was $244 million and $24 million was paid in dividends during the year, what was the net income for the year?