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	$	4,800
Common stock, $1 par value		18,000
Additional paid-in capital		483,600
Total paid-in capital		506,400
Retained earnings		276,000
Treasury stock, 10,000 common shares		(200,000)
Total stockholders' equity	$	582,400

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

1. How many shares of preferred stock have been issued?

number of shares?

2. How many shares of common stock have been issued?

number of shares?

4. If retained earnings at the beginning of the period was $238 million and $18 million was paid in dividends during the year, what was the net income for the year?

Net income?(Million)

5. What was the average cost per share of the treasury stock acquired?

Average cost

per share