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  3. the stockholders' equity section of velcro world i

The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial)...

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Accounting

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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, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity $ 6,000 30,000 1.164,000 1,200,000 288,000 (352 000) $1.136,000 1. How many shares of preferred stock have been issued? 2. How many shares of common stock have been issued? 3. If the common shares were issued at $30 per share, at what average price per share were the preferred shares issued? 4. If retained earnings at the beginning of the period was $250 million and $30 million was paid in dividends during the year, what was the net income for the year

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