Saved Help Save & Exit Check my Required Information The following Information applies to the questions displayed below) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) is and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 12, 888 common shares Total stockholders' equity $ 5,200 22,000 675,200 702,488 280,000 (288,000) $ 694,400 Based on the stockholders' equity section of Velcro World, answer the following Questions. Remember that all amounts are presented in thousands 3. If the common shares were issued at $22 per share, at what average price per share were the preferred shares issued? Praded shares sued price per share