Problem 1 The stockholders' equity section of Barrel Corporation's balance sheet at December 31, 2017, appears below: Stockholders' equity Paid-in capital Common stock, S10 par value, 400,000 shares authorized: 250,000 issued and outstanding $2,500,000 Paid-in capital in excess of par 1.500.000 Total paid-in capital 4.000.000 Retained earings 600.000 Total stockholders' equity $4,600,000 As of December 31, 2017, what was the average issuance price for Common Stock? Show calculation On February 1, 2018, the Board of Directors declared a $0.50 per share dividend for common shareholders of record on February 15 and payable on March 1. Prepare the journal entries for February 1 and March 1 below Date Titles Debit Credit On March 31. the company issued 10.000 shares of Common Stock for $18 per share (cash) Prepare the journal entry for the March 31 transaction Titles Debit Credit 2018 Net Income was $275,000. Please prepare the stockholders' equity section of Barrel Corporation's balance sheet at December 31, 2018 below. Calculate the average issuance price of Common Stock as of 12/31/18