Question 17 4.5 pts The following information is from the balance sheet of Tudor Corporation as of December 31. Preferred stock, $100 par $ 500,000 Paid-in capital in excess of par - preferred 35,000 Common stock, $2 par 190,000 Paid-in capital in excess of par - common 380,000 Retained earnings 131.500 Total stockholders' equity $1.236.500 What was the average issue price of the common stock shares? $1.90 The average price cannot be determined from the information given $3.00 $6,00 9 pts Question 18 Prawnhorn Corporation purchased from its stockholders 4,900 shares of its own previously issued stock for $249,900. It later resold 1,725 shares for $54 per share and then sold 1,450 shares for $43 per share. Prepare journal entries for the purchase of the treasury stock and the two sales of treasury stock. List debits first. Use DR to designate debits and CR to designate credits. Follow this example: DR Cash $14,000 DR Accounts Receivable $2,000 CR Service Revenue $12,000