Sul HO BUS 285 Assignment 4 6)-Microsoft Word Insert Page Layout References Mailings Review View inherit 10 AaBbCcD AabCcD AaBbC AaBbCc AaBI AoBbCet AobC:D AobCD Painter abe x, x Aa - 1 Normal No Spaci Heading 1 Heading 2 Subtle Tle Subtle Em. Change Styless Font Emphasit Paragraph Selem Styles P11-2A Remmers Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to issue 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: Eders Jan Issued 1,000,000 common shares for $2 per share. 10 Mar. Issued 20,000 preferred shares for $50 per share. 1 May Issued 250,0o0 common shares for $3 per share. 1 Reacquired and retired 10,000 common shares at $2 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Issued 33,500 common shares for $120,000 cash and used equipment. The equipment originally cost $30,000. It now has a carrying amount of $15,000 and a current value of $16,000. The common shares were trading for $4 per share on this date. June 1 July 24 Sept. Issued 10,00o common shares for $5 per share. Issued 4,000 preferred shares for $50 per share. Reacquired and retired 15,000 common shares at $4 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Declared a $72,000 cash dividend to the preferred shareholders, to shareholders of record on December 31, payable on January 10. Nov. 1 20 Dec. 14 Words 912 hp Sul HO BUS 285 Assignment 4 6)-Microsoft Word Insert Page Layout References Mailings Review View inherit 10 AaBbCcD AabCcD AaBbC AaBbCc AaBI AoBbCet AobC:D AobCD Painter abe x, x Aa - 1 Normal No Spaci Heading 1 Heading 2 Subtle Tle Subtle Em. Change Styless Font Emphasit Paragraph Selem Styles P11-2A Remmers Corporation, a publicly traded company, was organized on January 1, 2018. It is authorized to issue 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: Eders Jan Issued 1,000,000 common shares for $2 per share. 10 Mar. Issued 20,000 preferred shares for $50 per share. 1 May Issued 250,0o0 common shares for $3 per share. 1 Reacquired and retired 10,000 common shares at $2 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Issued 33,500 common shares for $120,000 cash and used equipment. The equipment originally cost $30,000. It now has a carrying amount of $15,000 and a current value of $16,000. The common shares were trading for $4 per share on this date. June 1 July 24 Sept. Issued 10,00o common shares for $5 per share. Issued 4,000 preferred shares for $50 per share. Reacquired and retired 15,000 common shares at $4 per share. Determine the average cost of each reacquired share to the nearest cent before recording this transaction. Declared a $72,000 cash dividend to the preferred shareholders, to shareholders of record on December 31, payable on January 10. Nov. 1 20 Dec. 14 Words 912 hp