Please answer question b.

Analyzing and Computing Average Issue Price and Treasury Stock Cost Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. Shareholders' Equity (millions, except per ehere amounta) August 3, 2008 July 29, 2007 Preferred stock: authorized 40 shares; non issued $ - Capital stock, $0.0375 par value; authorized 560 shares; issued 532 shares 20 20 Additional paid.in capital 337 331 Earnings retained in the business 7,902 7,032 Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost (6,812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders' equity $1,311 $1,245 Assume Campbell Soup Company also reports the following statement of stockholders' equity. Capital Stock Accumulated Earning Other Total leeued In Treasury Additional Retained in Comprehensive share-owners (Millione, except per share amounts) Share Amount Shares Amount Paid-in Capital the Business Income (LOBE) Equity Balance at July 29, 2007 532 $20 (163) $ (6,015) $331 $7,032 $(123) $ 1,245 Comprehensive income (loss) Net earnings 1,185 1,185 Foreign currency translation adjustments, net of tax 112 112 Cash-flow hedges, net of tax 11 11 Pension and postretirement benefits, net of tax (136) (136) Other comprehensive loss (13) (13) Total comprehensive income 1,172 Impact on adoption of FIN 48 Note 10) (8) Dividends ($0.88 per share) (307) (307) Treasury stock purchased (26) (903) (903) Treasury stock issued under managementincentive and stock options plan 106 112 Balance at August 3, 2008 532 $20 (186) $(6,812) $337 $ 7,902 $(136) $1,311 (8) (b) At what average price were the Campbell Soup shares issued? {Round your answer to two decimal places.) (c) Reconcile the beginning and ending balances of retained earnings. (Enter any deductions as negative numbers.) ($ millione) Retained earnings, July 29, 2007 $ 7,032 Net earnings 1,185 Dividends (307) Miscellaneous (8) Retained earnings, August 3, 2008 $ 7,902