$1,300,000 11% cumulative preferred stock, $130 par, 100,000 shares authorized, 10,000 shares issued Common stock, $1.25 par, 1,000,000 shares authorized Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained Earnings $750,000 $500,000 $900,000 $1,350,000 The average issue price per share of the preferred stock was: Select one: a. $150 b. $165. O c. $180 O d. $195