Burton Inc. has two classes of stock, 7% $100 par cumulative Preferred Shares and $2 par Common Shares. The equity section shows: Common stock, $2 par value, 1,000,000 shares authorized and? shares issued....... $800,000 Paid in capital in excess of par value.. At what average price was the common shares issued? Respond rounded to TWO DECIMALS, without a dollar sign and without commas. Your Answer: Answer $283,000