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Calculation for initial sale price of common shares XYZ Corporation issued 8,680 preferred shares and only sold common shares to investors once. Given XYZs shareholders equity account that follows, determine the original price per share at which the firm sold the preferred and common shares.Shareholders equity Preferred shares ($000)Common shares (300,000 shares outstanding) 3150 Retained earnings 900 Total shareholders equity $4167 Find out a. Initial sales price (Preferred share)