Page Corporation, a publicly traded company, was organized on January 1, 2021. It is authorized to issue an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. Mar. May June 10 1 1 1 July 24 Sept. Nov. 4 1 20 Dec. 14 31 Issued 940,000 common shares for $2 per share. Issued 22.000 preferred shares for $50 per share. Issued 235,000 common shares for $3 per share. Repurchased and retired 9,000 common shares at $2 per share. Determine the average cost of each repurchased share to the nearest cent before recording this transaction. Issued 33,600 common shares for $130.000 cash