At its IPO, U.S. Shale sold 500,000 shares to the public and raised $4 million. (These are the only shares outstanding.) The par value of each share was $1. The company's net common equity amounts to $5,700,000. Calculate the following for U.S. Shale: a) Common shares at par value b) APIC (additional paid-in capital) c) Retained earnings Enter your answers with one decimal point, if applicable. Answer 500000 Answer $ 3500000 Answer $ 1700000

just wondering if my work is correct. thank you

carriate the followine for US, shate WCosinon shares at parnile DI APSC basidonel paid in rapitat ci fletaiked earning