Choose the correct answer. (Round your answer to the nearest cent.)

A. $4.75

B. $2.84

C. $3.06

D. $ 2.94

AWE Corporation was incorporated on January 1 of the current year. On January 2, the corporation issued 7,000 Class A common shares for $1.75 each ($12,250 total) and 3,000 Class B preferred shares for $3 each ($9,000 total). On September 1 of the current year, AWE Corporation issued another 4,000 Class A common shares for $4.75 each ($19,000 total). Assuming these are the only share transactions during the current year, which of the following is the correct amount of Paid Up Capital for each Class A common share of AWE Corporation on December 31 of the current year