Moosonee Ltd. was incorporated as a private company on January 2, 2018, and is authorised to issue an unlimited number of common shares and 51 preferred share. The company had the o month of operations! t her training Jan. 6 Issued 200,000 common shares for $1.50 per share. 12 Issued 50,000 common shares for $1.75 per share. 17 Issued 10,000 preferred shares for $25.00 per share. 18 Issued 500,000 common shares for $2.00 per share. 24 Reacquired 200,000 common shares at $1.90 per share. 31 Issued 10,000 common shares in exchange for $15,000 of legal services Your answer is partially correct. Try again. Record the above transactions. (Nound average cost per share to decimal places, e.g. 1.246.C required, select "No Entry For the account titles and enter for the amounts.) indent mewaity. If no Date Account Titles and Explanation Credit Debit 300,000 300,000 common Shares Jan. 12 cash Common Shares Pen. D as Preferred Shares 250,000 50,000 Pan. 18 cash Common Shares 1,000,000 5 1364,500 Jan. 24 common Shares 4,000,000 5 15,500 J80,000 D Retained Earnings 35,000 pan, 31 Professional Fees Expense Common Shares 15,000 Your answer is incorrect. Try again. what is the number and average cost of the preferred and common shares at the end of January? (Round answers to decimal places, eg, 1.246.) 300,000 37,500 Common Shares Pan. 12 cash Common Shares Jan, 17 Cash Preferred Shares Pan. 18 Cash 250,000 187,500 5 250,000 1,000,000 Common Shares 10,000,000 Jan. 24 Common Shares 364,500 TRetained Earnings 15,500 380,000 Jan. 31 Professional Fees Expense Common Shares 715,000 x your answer is incorrect. Try again. What is the number and average cost of the preferred and common shares at the end of January? (Round answers to 3 decimal places, e.g. 1.246.) Numbers Average Cost Preferred shares 19,000 127 Common shares 570,000 1.85