The stockholders' equity section of Velcro World is presented here.

VELCRO WORLD Balance Sheet (partial)
($ in thousands)
Stockholders' equity:
Preferred stock, $1 par value	$	5,800
Common stock, $1 par value		13,000
Additional paid-in capital		589,000
Total paid-in capital		607,800
Retained earnings		282,000
Treasury stock, 11,000 common shares		(154,000)
Total stockholders' equity	$	735,800

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

1. If the common shares were issued at $17 per share, at what price per share were the preferred shares issued?

2. If retained earnings at the beginning of the period was $234 million and $19 million was paid in dividends during the year, what was the net income for the year?

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

PLEASE SHOW CALCULATIONS