[The following information applies to the questions displayed below. The following information 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 Common stock, $1 par value Additional paid-in capital $5,200 22,000 675,200 Total paid-in capital Retained earnings Treasury stock, 12,000 common shares 702,400 280,000 (288,000) Total stockholders' equity $ 694,400 Based on the stockholders equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 11. points Required informatio 0.66 points Required: . How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.) of shares 13,000 References eBook &Resources Problem A Difficulty: Medium Leaming Objective: 10-07 Prepare and analyze the stockholders' equity section of a balance sheet and the statement of stockholders' equity 12. 66 points Required informatio 2. How many shares of common stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares Required informatior 0.66 points 3. If the common shares were issued at $22 per share, at what average price per share were the preferred shares issued? per share References eBook& Resources Learning Objective: 10-07 Prepare and analyze the stockholders equity section of a balance sheet and the statement of stockholders' equity. Problem A Difficulty: Medium Check my work 14 value: 0.66 points Required informatio 4. If retained earnings at the beginning of the period was $242 million and $22 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in millions.) income million