Zeta Products Company reported the following stockholders€™ equity on its balance sheet:

Requirements
1. What caused Zeta€™s preferred stock to decrease during 2013? Cite all possible causes.
2. What caused Zeta€™s common stock to increase during 2013? Identify all possible causes.
3. How many shares of Zeta€™s common stock were outstanding at December 31, 2013?
4. Zeta€™s net income during 2013 was $1,375 million. How much were Zeta€™s dividends during the year?
5. During 2013, Zeta sold no treasury stock. What average price per share did Zeta pay for the treasury stock that the company purchased during theyear?

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Stockholders' Equity Dollars and shares in millions) Preferred stock-$1.00 par value; authorized 20 shares; December 31, 2013 2012 Convertible Preferred Stock; issued and outstanding 2013 and 2012-4 and 8 shares, respectively Common stock- $1 per share par value; authorized 1,500 shares; issued: 2013 and 2012-200 and 100 shares, respectively Additional paid-in capital Retained earnings Treasury stock, common-at cost 200 1,400 6,280 100 650 5,075 2013-20 shares; 2012-10 shares Total stockholders' equity Total liabilities and stockholders' equity 400) (160) 7,484 5,673 S48,484 $42,673