assume the following january 1,2020 information

During the year

prepare a statement of changes in equity for the year ended December 31,2020

. 10,000 Preferred Shares (issued and outstanding). 150,000 Common Shares (issued and outstanding) Retained Earnings............ $300,000 $600,000 $250 000 . 1,500 preferred shares were issued at $35 each, and 25,000 common shares were issued at $5 each. Net Income was $150,000 Cash dividends of $50,000 were declared. O Preferred Shares Common Shares Retained Earnings Total NOTE: for the next TWO questions, round your answer to the nearest cent. 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