Exercise 8-10 Common stock-calculate issue price and dividend amount LO 1 The balance sheet caption for common stock is the following: Common stock without par value, 1,000,000 shares authorized, 2000,000 shares issued, and 180,000 shares outstanding $2,600,000 Calculate the average price at which the shares were issued. Average issue price per share If a cash dividend of $0.60 per share were declared, calculate the total amount of cash that would be paid to stockholders. Total cash dividend