Speedway Corporation, a publicly traded company, was organized on January 1, 2021. It is authorized to be an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations Jan. 10 Mar 1 May 1 June 1 Issued 1,030,000 common shares for $2 per share. Issued 20,000 preferred shares for $50 per share. Issued 257.500 common shares for 53 per share. Repurchased and retired 9,000 common shares at $2 per share. Determine the average cost of each repurchased share to the nearest cent before recording this transaction Issued 30,700 common shares for $110,000 cash and used equipment. The equipment would have cost $27.000 it Remmers had purchased it new and a recent appraisal determined that the equipment had a fair value of $14,500. The common shares were trading for $4 per share on this date. 10C AG July 24 26-11-2021 G Share to the nearest cent verore record July 24 Sept. 4 Nov. 1 Issued 30,700 common shares for $110.000 cash and used equipment. The equipment would have cost $27.000 Remmers had purchased it new and a recent appraisal determined that the equipment had a fair value of $14,500 The common shares were trading for $4 per share on this date. Issued 11,000 common shares for $5 per share. Issued 3,900 preferred shares for $50 per share. Repurchased and retired 15,000 common shares at $4 per share. Determine the average cost of each repurchased share to the nearest cent before recording this transaction Declared a $77,000 cash dividend to the preferred shareholders, to shareholders of record on December 31. payable on January 10 Reported net income of $1.18 million for the year. 20 Dec. 14 31 OSEP Speedway Corporation, a publicly traded company, was organized on January 1, 2021. It is authorized to be an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations Jan. 10 Mar 1 May 1 June 1 Issued 1,030,000 common shares for $2 per share. Issued 20,000 preferred shares for $50 per share. Issued 257.500 common shares for 53 per share. Repurchased and retired 9,000 common shares at $2 per share. Determine the average cost of each repurchased share to the nearest cent before recording this transaction Issued 30,700 common shares for $110,000 cash and used equipment. The equipment would have cost $27.000 it Remmers had purchased it new and a recent appraisal determined that the equipment had a fair value of $14,500. The common shares were trading for $4 per share on this date. 10C AG July 24 26-11-2021 G Share to the nearest cent verore record July 24 Sept. 4 Nov. 1 Issued 30,700 common shares for $110.000 cash and used equipment. The equipment would have cost $27.000 Remmers had purchased it new and a recent appraisal determined that the equipment had a fair value of $14,500 The common shares were trading for $4 per share on this date. Issued 11,000 common shares for $5 per share. Issued 3,900 preferred shares for $50 per share. Repurchased and retired 15,000 common shares at $4 per share. Determine the average cost of each repurchased share to the nearest cent before recording this transaction Declared a $77,000 cash dividend to the preferred shareholders, to shareholders of record on December 31. payable on January 10 Reported net income of $1.18 million for the year. 20 Dec. 14 31 OSEP