35 look rences Required information Problem 10-4A (Algo) Analyze the stockholders' equity section (LO10-7) (The following information applies to the questions displayed below] The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) 13 and shares in thousands) Stockholders equity Preferred stock, $1 par value Common stock, $1 per value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity $4,100 11,000 233,000 248,100 269,000 (143,000) $374,100 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4A (Algo) Part 3 3. If the common shares were issued at $11 per share, at what average price per share were the preferred shares issued? Preferred shares issued poce $ 3 per share