6. The following items were shown on the partial balance sheet of Sicily Corporation on December 31, 2015: SICILY CORPORATION Partial Balance Sheet Year Ended 2015 Shareholders' Equity Contributed Capital Share Capital $1 preferred stock, no par value, cumulative, 1 000 000 shares authorized, 500,000 shares issued. Common shares, no par value, unlimited number of shares authorized, 100,000 shares issued. Total Contributed Capital Retained Earnings Total Shareholders' Equity $3,500,000 800.000 4,300,000 200.000 $4.500.000 Answer all of the questions below. Remember to show calculations! (a) The average issue price of the common shares was $ (2 marks) (b) The average issue price of the preferred shares was $ (2 marks) (b) The preferred shares dividend was $ per share. (1 mark) (c) The preferred shares are cumulative. Explain what that means. (2 marks) (2 marks) (a) The average issue price of the common shares was $ (b) The average issue price of the preferred shares was $ (2 marks) (b) The preferred shares dividend was $ per share. (1 mark) (c) The preferred shares are cumulative. Explain what that means. (2 marks) (e) The total amount of cash and other assets paid to Sicily Corporation in exchange for share capital, at December 31, 2001 was $ (1 mark) CORPORATION BONUS QUESTION (2 MARKS) The Calvin Company issued 1,000, no par value, convertible preferred shares at $100 per share. Each share is convertible into 10 common shares. When the market values of the two classes of shares are $101 and $13, respectively, 150 preferred shares are converted into common shares. Journalize the conversion of the 150 shares