The stockholders' equity section of Velcro World is presented here VELCRO WORLD Balance Sheet (partial) (s and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 4, eee Common stock, $1 par value 10,000 Additional paid-in capital 286,000 Total paid-in capital 22e, eee Retained earnings 268, eee Treasury stock, 12,eee common shares (144, eee) Total stockholders' equity $ 344, eee 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 $10 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share VELCRO WORLD Balance Sheet (partial) (s and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid in capital Total paid-in capital Retained earnings Treasury stock, 12,000 common shares Total stockholders equity $ 4,000 10,000 206,000 220,000 268,000 (144,000) $ 344,000 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands 4. If retained earnings at the beginning of the period was $230 million and $10 million was paid in dividends during the year, what wa the net income for the year? (Enter your answer in million (e., 5,000,000 should be entered as 5).) Not income million The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $i par value Additional paid in capital Total paid-in capital Retained earnings Treasury stock, 12,eee common shares Total stockholders' equity $ 4.ee 10,000 205, eee 220,000 263,00 (144, eee) 344,000 Based on the stockholders' equity section of Velcro World, answer the following questions Remember that all amounts are presented in thousands. 5. What was the average cost per share of the treasury stock acquired? Average cost per share