Omicron Products Company reported the following stockholders€™ equity on its balance sheet:

Requirements
1. What caused Omicron€™s preferred stock to decrease during 2013? Cite all possible causes.
2. What caused Omicron€™s common stock to increase during 2013? Identify all possible causes.
3. How many shares of Omicron€™s common stock were outstanding at December 31, 2013?
4. Omicron€™s net income during 2013 was $1,470 million. How much were Omicron€™s dividends during the year?
5. During 2013, Omicron sold no treasury stock. What average price per share did Omicron pay for the treasury stock that the company purchased during theyear?

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Stockholders' Equity (Dollars and shares in millions) Preferred stock-$1.00 par value; authorized 70 shares; December 31, 2013 2012 Convertible Preferred Stock; issued and outstanding: $ 8 S 16 2013 and 2012-8 and 16 shares, respectively Common stock-$5 per share par value; authorized 1,100 shares; issued: 2013 and 2012-400 and 300 shares, respectively Additional paid-in capital Retained earnings Treasury stock, common-at cost 2,0001,500 2,800 1,950 6,260 4,996 2013-19 shares; 2012-4 shares Total stockholders' equity Total liabilities and stockholders' equity (342) 10,726 (60) 8,402 51,323 S47,202