$ 600,000 Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, Year 1: 6% cumulative preferred stock, $100 par value; authorized, 10,000 shares; issued and outstanding, 6,000 shares Common stock, $3 par value; authorized, 500,000 shares; issued and outstanding, 300,000 shares Additional paid-in capital: preferred stock Additional paid-in capital: common stock $ 900,000 $ 60,000 $ 1,900,000 $ 1,090,000 Retained earnings Dividends have been declared and paid for Year 1. The average issue price per share of Grant's preferred stock was: Select one: a. $112. b. $100. C. $110. d. $66