The balance sheet caption for common stock is the following: Common stock without par value, 7,500,000 shares authorized, 3,000, 000 shares issued, and 2, 700,000 shares outstanding $ 38, 250, 000 ces Required: a. Calculate the average price at which the shares were issued. b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. c. If a cash dividend of $1.60 per share were declared, calculate the total amount of cash that would be paid to stockholders. d. What accounts for the difference between issued shares and outstanding shares? Required A Required B Required C Required D Calculate the average price at which the shares were issued. (Round your answer to 2 decimal places.) Average issue price per share 1.28 Required A Required B >