Shareholders\" Equity Share Capital Common shares, no par 1tralue, unlimited number of shares authorized; shares issued .................................................................. $1,200,000 $2 preferred shares, no par value, redeemable at $120, cumulative, 20,000 shares authorized, 6,000 shares issued ............................................. 120 000 Total share capital 1,320,000 Retained Earnings ................................................................................................ 500 000 Total shareholders equity .............................................................................. . W Instructions Complete the following statements and show your calculations. All of the common shares were issued at $5 per share. [a] The number of common shares issued was (b) The preferred shares dividend was $ per share. {c} It would cost the company $ to reacguire 1,000 preferred shares. ([1] The average issue price of the preferred shares was 18 [e] The total amount of cash and other assets paid to McKean Corporation in exchange fnr Chara .rl-Jnifal 9f nanamhr '21 "\"111 Hunc- (1