12% cumulative preferred stock, $180 par, 160,000 shares authorized Common stock, $1.75 par, 1,010,000 shares authorized Additional paid-in capital: preferred stock $3,600,000 1,225,000 400,000 O b. $3.78 O c. $4.25 d. $3.00 Additional paid-in capital: common stock Treasury stock (at cost: 8,000 common shares) Retained earnings Refer to the above data. What was the average issue price per share of common stock? a. $3.18 1,000,000 250,000 1,500,000

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