Just after its formation on September 1, 2019, the ledger accounts of the Ducks, Inc., contained the following balances: Accrued Expenses Payable Accounts Payable Accounts Receivable Allowance for Doubtful Accounts Building Cash Common Stock ($20 par) Common Stock Subscribed Furniture and Fixtures Merchandise Inventory Notes Payable-Short Term Paid-in Capital in Excess of Par Value-Common Paid-in Capital in Excess of Par Value-Preferred Preferred Stock (10%, $50 par) Preferred Stock Subscribed (10%, $50 par) Subscriptions Receivable-Common Stock Subscriptions Receivable-Preferred Stock $ 4,000 7,000 53,000 4,000 300,000 32,000 400,000 40,000 55,800 79,000 5,000 44,000 5,000 50,000 25,000 40,000 25,000 The corporation is authorized to issue 100,000 shares of $20 par-value common stock and 20,000 shares of 10 percent, $50 par- value preferred stock (noncumulative and nonparticipating). At what average price has common stock been subscribed or issued? Average Price Choose Denominator: Choose Numerator: Average Price Average price Assuming that all of the Paid-in Capital in Excess of Par Value-Common was applicable to the shares of common stock that have been subscribed but not yet issued, what was the subscription price per share of the common stock subscribed? Subscription Price Choose Denominator: Choose Numerator: 7 = Subscription Price = Subscription Price