Following is the stockholders' equity section of the Intuit Inc. balance sheet (dollars in millions, except par value; shares in thousands). Changes in the company's outstanding shares are due to (1) treasury share purchases by the company and (2) issues of treasury shares for employee stock options.

a. In the fiscal year ended July 31, 2018, Intuit reported net income of $1,211 million. How much did Intuit pay in dividends to its common shareholders?

b. In the fiscal year ended January 31, 2018, Intuit repurchased 1,870 thousand of its common shares. How many shares were issued to employees under stock option plans?

c. lntuit's issuance of shares for stock option plans increased the Additional paid-in capital balance by $96 million. Was the (average) option exercise price greater or less than the (average) amount Intuit paid to acquire the treasury shares that were reissued?

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July 31, 2018 July 31, 2017 Stockholdere' Equity ($ millons) Preferred stock, $0.01 par vatue Authorized-1,345 shares total: 145 shares designated Series A; 250 shares designated Series B Junior Participating Issued and outstanding-none.. Common stock, $0.01 par value Authorized-750,000 shares $ .... Outstanding 258,616 shares at July 31, 2018, and 255,668 shares at July 31, 2017.. Additional paid-in capital.. Treasury stock, at cost. Accumulated other comprehensive income (loss). Retained earnings 3 3 5,335 4,854 (11,050) (35) (10,778) (22) 8, 101 7,297 Total stockholders' equity. $2,354 $1,354 .... %24