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 Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings 5,700 27,000 964,200 0 996 285,000 319,000 ) $ 962,900 Treasury stock, 11,000 common shares Total stockholders' equity Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Required: 1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares 2. How many shares of common stock have been issued? (Enter you answer in total number of shares, not in thousands.) Number of shares 3. If the common shares were issued at $27 per share, at what average price per share were the preferred shares issued? Preferred shares issued price per share 4. If retained earnings at the beginning of the period was $247 million and $27 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).) million Net income 5. What was the average cost per share of the treasury stock acquired? Average cost per share