19 The following information is from the December 31, 2017 balance sheet of Jackson Corporation.

Preferred Stock, $100 par-----------------------------$300000

Paid-in capital in excess of par-Preferred---------$17000

Common Stock, $1par-----------------------------------$76000

Paid-in Capital in excess of par-Common-------$203000

Retained Earnings----------------------------------------$55600

Total StockHolder's Equity----------------------------$651600

What is the average issue price of the preferred stock shares? (Round answers to the nearest dollar.)