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Required information The following information applies to the questions displayed below) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD nalance Sheet (partial) ($ and shares in thousandt) Stockholders equityi Preferred stock, $1 par value $ 5,100 Common stock, $1 par value 21,000 Additional paid-in capital 624,000 Total paid in capital 650, 100 Retained earnings 279,000 Treasury stock, 11,000 common shares 253,000 Total stockholders' equity $636,100 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 $21 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 $241 million and $21 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).) Net income million 5. What was the average cost per share of the treasury stock acquired? Average cost per share

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