1. The following data are taken from the stockholders' equity section of the balance sheet of a company:

Common stock, $10 par value, 30,000 shares authorized,

12,000 shares issued, 10,000 shares outstanding $90,000

Additional paid in capital 30,000

Retained earnings 50,000

Treasury stock (2,000 shares) 26,000

What was the average issue price per share of the common stock?

1. $18.00 B. $10.00 C. $15.00 D. $13.00