The equity section of Gannon Oilfield Corporations balance sheet at December 31,2019 is shown below: Preferred Share     Authorized -- 100 shares     Issued and Outstanding- 64 shares          $3,456  Common shares     Authorized-- 2,000 shares     Issued and Outstanding- 800 shares        $1,680 Retained Earnings                                          $600 Required: a. What is the average price received for each issued preferred share? b. What is the average price received for each issued common share? c. What is the total contributed capital of the company?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.