On December 31, 2020, shareholders' equity accounts of Greener Products Inc. (GPL) had the balances shown below. GPI paid dividends of $4,800 on December 1, 2020. (Click the icon to view the shareholders' equity balances.) 1. GPI sold 2,000 common shares on June 30, 2020. What was the average selling price of these shares if this was the only common-shares transaction during 2020? 2. Journalize GPI's sale of the common shares on June 30, 2020. 3. Based only on the above information, did GPI earn a profit or loss during 2020? Calculate the profit or loss. HHICHI Requirement 1. GPI sold 2,000 common shares on June 30, 2020. What was the average selling price of these shares if this was the only common-shares transaction during 2020? (Round your answer to the nearest cent.) per share. The average selling price of the shares was $ Shareholders' equity balances 2020 2019 common shares M $ 76,000 $ 87,500 56 000 79,500 Retained earnings. $ 157,500 $ 135,500 Total shareholders equity Print Done