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The equity section of Gannon Oilfield Corporation's balance sheet at December 31, 2019 is shown below. Preferred Shares Authorized- 100 shares Issued and outstanding- 64
The equity section of Gannon Oilfield Corporation's balance sheet at December 31, 2019 is shown below.
Preferred Shares
Authorized- 100 shares
Issued and outstanding- 64 shares $3,456
Common shares
Authorized- 2,000 shares
Issued and outstanding- 800 shares $1680
Retained Earnings 600
Required
1. What is the average price received for each issued preferred date?
2. What is the average price received for each issued common share?
3. What is the total contributed capital of the company?
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