Assume the following January 1, 202x information: 5,000 Preferred Shares (issued and outstanding... $200,000 100,000 Common Shares (issued and outstanding)............ $500,000 Retained Earnings... $300 000 During the year, 2,500 preferred shares were issued at $42 each, and 30,000 common shares were issued at $6 each. Net Income was $125,000 Cash dividends of $75,000 were declared. Required: 1. Prepare a Statement of Changes in Equity for the year ended December 31, 202x. 2. What is the average issue price at year end for the preferred shares? 3. What is the average issue price at year end for the common shares? Part 1: Preferred Shares Common Shares Retained Earnings Total Part 2: Average issue price at year end for the preferred shares: Part 3: Average issue price at year end for the common shares