"ABC" Company has the following balances in shareholders' equity on December 31st, 2019. Share Capital-Preference Shares -$125 par $1,500,000 Share Capital-Ordinary Shares -$15 par $975,000 Share Premium-Preference Shares $100,000 Share Premium-Ordinary Shares $600,000 Retained earnings $250,000 Treasury stock (cost-$13 per share) $91,000 Based on the above given information answer the following questions: How many shares of preference shares were issued? How many shares of ordinary shares were issued? 975000 How many shares of treasury stock are owned? 100000 How many shares of ordinary shares are outstanding? 600000 What was the average market price per share at which ordinary share was issued? 250000 What was the average market price per share at which preference share was issued? 91000 What is the total value of shareholders' equity? 3334000 if net income for the year was $75,000 and a preferred stock dividend of $20,000 was paid, what was the beginning value of retained eamings? 195000