Required information Problem 10-4B (Algo) Analyze the stockholders' equity section (LO10-7) [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. (s in thousands) THE SEVENTIES SHOP Balance Sheet (partial) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 16,000 54,400 70,400 49,000 (2,900) $116,500 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4B (Algo) Part 3 3. Total paid-in capital is $70.40 million. At what average price per share were the common shares issued? Average price per share