CE AS FOLLOWS 10.00 Vitacom Technologies Corp. reports the following shareholders' equity as of December 31: Preferred shares, $12 cumulative, 200,000 shares authorized, 90,000 shares issued & outstanding Common shares, 500,000 shares authorized. 200,000 shares issued & outstanding Total contributed capital Retained earnings Total shareholders' equity Determine the following a) What was the average issue price per common share? b) What was the average issue price per preferred share? $7,200,000 1.400,000 8.600,000 3.400.000 $12.000.000 el Assume net income for the fiscal year was $825 000 Temnalize the entry to close net income to retained earnings.