On June 8, Cato Ltd. was incorporated and issued 26,400 common shares for $264,000. On August 19, an additional 6,600 shares were issued for $79,200. On November 2, the company paid $25,344 to repurchase 2,640 common shares and on December 7 it paid $45.760 to repurchase 3.520 common shares. (a) Your answer is partially correct. Calculate the average cost of the common shares on June 8, August 19. November 2. and December 7. (Round answers to 2 decimal places, eg. 15.25) Average Cost June 8 $ 10.00 Aug. 19 $ 12.00 Nov. 2 $ 9.60 Dec 7 $ 13.00