Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Abercrombie & Fitch Co. for the year ended February 1, 2020. Locate the “Consolidated Statements of Operations and Comprehensive Income” (income statement) and “Consolidated Balance Sheets.” You may also find the annual report at the company’s website.

Required:
1. From the equity section of the balance sheet, determine the par value of the company’s common stock.
2. How many shares of common stock have been issued?
3. What is the reported amount of common stock and additional paid-in capital (listed as “paid-in capital”)?
4. Using your answers in requirements 2 and 3, determine the average issue price of common stock.
5. How many shares of treasury stock is the company holding by the end of the most recent year?
6. Using the balance of treasury stock and your answer in requirement 5, determine the average cost per share of treasury stock.
7. If the company were to sell all of its treasury stock for $2,000,000 (in thousands), by how much would net income increase/decrease?