Same facts as above: what was the average price of an individual share (i.e. one share) that was sold in 2020?

Group of answer choices

$9.09

$11.02

$8.59

$18.18

(info needed)

A firm had common stock ($0.50 in par value) of $250,000 in 2019, and common stock ($0.50 in par value) of $410,000 in 2020. The same firm had capital surplus (or additional paid-in capital) of $3,200,000 in 2019, and $5,950,000 in 2020. What was the total proceeds from the sales of new shares?

Group of answer choices

$160,000

$2,750,000

$2,910,000

$410,000