QUESTION 32 32 The following Stockholder's Equity of Beta, Inc was made available to you for your review and provide answers to the CFO. Beta, Inc. Stockholder's Equity December 31,2019 Contributed Capital Common stock, $5 par value, 100,000 shares authorized, shares issued & 22,000 outstanding Paid in Capital, Common Stock Total Contributed Capital Retained Earnings Total Contributed Capital and Retained Earnings Less: Treasury Stock, Common Stock Total Stockholders Equity, 12/31/19 $125,000 25.000 $150,000 100,000 $250,000 (21.000) $229,000 Determine the average purchase price of treasury stock. A. $5.00 OB. $6.00 C. $7.00 D. $5.50