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Gildan Activewear Inc. is one of the world's largest manufactures of apparel and socks. The company's annual report for 2018 included the following information (dollar amounts are in thousands): On February 21, 2018, the Board of Directors of the Company approved the initiation of a new NCIB commencing on February 27, 2018 and ending on February 26, 2019 to purchase for cancellation up to 10,960,391 common shares, representing approximately 5% of the Company's issued and outstanding common shares. On August 1, 2018, the Company obtained approval from the TSX to amend its current NCIB program in order to increase the maximum number of common shares that may be repurchased from 10,960,391 common shares, or approximately 5% of the Company's issued and outstanding common shares as at February 15, 2018 (the reference date for the NCIB), to 21,575,761 common shares, representing approximately 10% of the public float as at February 15, 2018. No other terms of the NCIB were amended. During the year ended December 30, 2018, the Company repurchased for cancellation a total of 12,634,693 common shares under its NCIB program for a total cost of $367.5 million, of which a total of 175,732 common shares were repurchased under the previous NCIB. Of the total cost of $367.5 million, $9.2 million was charged to share capital and $358.3 million was charged to retained earnings. Required: 1. Determine the average issuance price per common share in 2018. (Round the final answer to 2 decimal places.) Average price per share 2. Determine the impact of this transaction on the financial statements. (Enter your answers in dollars, not in million or thousands. Indicate the direction of the effect by selecting "increase by", "decrease by", or "No change by" for no effect from the dropdown menu.) Cash Share capital Retained earnings Financial Statements Decrease by Decrease by Decrease by

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