(I believe that I am struggling with getting started becuase my journal enteries are wrong)

Use the following information to answer these questions:

the stockholder's equity accounts of a corporation on January 1, 2017, were as follows:

preferred stock (6%, $200 par, cumulative, 4,000 shares authorized) $470,000

common stock ($5 par, 1,000,000 shares authorized) 1,350,000

additional paid in capital - preferred 89,300

additional paid in capital - common 6,480,000

retained earnings 1,657,000

treasury stock - common (7,000 shares) 126,000

During 2017, the corporation had the following transactions and events relating to its stockholders equity.

Jan 2 Issued 30,000 shares of common stock in excahnge for property. On this date the stock was trading for $15 per share.

Feb 21 Issued 400 shares of preferred stock at $250 per share

mar 21 sold 1,000 shares of treasury stock - common for $21 per share

nov 14 purchased 2,000 shares of common stock for the treasury at a cost of $22,000

dec 31 Determined that net income for the year was $318,000. Dividends were declared and paid during December. These dividends included $0.25 per share dividend to common stockholders of record as of December 20. There are no dividends in arrears.

1) as of dec. 31, 2017, what is the average selling price of the preferred stock? (I got $225, but it is incorrect)

2) how many shares of common stock are outstanding as of Dec 31, 2017?

3) what is the total contributed capital as of dec 31, 2017?

4) what is the balance in retained earnings as of december 31, 2017?

5) what is total stockholder's equity as of december 31, 2017?