On December 31, 2020, shareholders' equity accounts of Recycle Products Inc. (RPD had the balances shown below. RPI paid dividends of $4,700 on December 1, 2020 E (Click the icon to view the shareholders' equity balances.) 1. RPI sold 4,000 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 RPI's sale of the common shares on June 30, 2020. 3. Based only on the above information, did RPI earn a profit or loss during 2020? Calculate the profit or loss. Requirement 1. RPI sold 4,000 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.) The average selling price of the shares was $ per share. Enter your answer in the answer box and then click Check Answer. 2 parts remaining Clear All Check Answer was the average selling price of these share hares on June 30, 202 n during 2020? Shareholders' equity balances 2020 2019 Common shares $ 70,000 $ 50,000 81,500 79,000 Retained earnings. Total shareholders' equity. $ 151,500 $ 129,000 Print Done