I need the answer to question c, please explain the result, Thanks!

Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet. (in thousands, except share data) December 31, 2018 Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 161,000 shares issued and outstanding $3,622,500 Common Shares, $0.09 par value, 650,000,000 shares authorized, 174,130,881 shares issued and outstanding 15,672 Paid-in capital 5,146,637 Accumulated deficit (519,624) Accumulated other comprehensive loss (57,654) Total Reliable Storage shareholders' equity $8,207,530 Noncontrolling interests 22,725 Total equity $8,230,255 a. Show the computation to derive the $15,672 thousand for common stock. 174,130,881 shares x $ 0.09 per share rounded to $ 15,672 thousand on the balance sheet. b. At what average price has Reliable Storage issued its common stock? $ 29.65 c. At what average price has the company issued its preferred shares? $ 22.5 X