can someone answer this please???

4% cumulative preferred stock, $80 par, 100, 000 shares authorized, 20,000 shares issued Common stock, $2.50 par, 1,000,000 shares authorized, 600, 000 shares issued (of which 8,000 are held in treasury) $1,600, 000 1,500, 000 Additional paid-in capital: preferred stock Additional paid-in capital: common stock 800, 000 900, 000 Treasury stock (8,000 common shares) Retained earnings (192, 000) 1,825, 000 The average issue price per share of the preferred stock was: Select one: a. $40. b. $80. c. $120. d. $160