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On June 8, Pearl City Ltd. was incorporated and issued 29,400 common shares for $294,000. On August 19, an additional 7,350 shares were issued

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On June 8, Pearl City Ltd. was incorporated and issued 29,400 common shares for $294,000. On August 19, an additional 7,350 shares were issued for $88,200. On November 2, the company paid $28,224 to repurchase 2,940 common shares and on December 7 it paid $50,960 to repurchase 3,920 common shares. (a) Your answer is incorrect. Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, e.g. 15.25.) Average Cost June 8 $ Aug. 19 $ Nov. 2 $ Dec. 7 $

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