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The following data are taken from the stockholders' equity section of the balance sheet of Sky Company: Common Stock, $10 Par Value, 60,000 Shares Authorized,

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The following data are taken from the stockholders' equity section of the balance sheet of Sky Company: Common Stock, $10 Par Value, 60,000 Shares Authorized, 33,600 Shares. $336,000 Issued, 31,600 Shares Outstanding $168,000 $140,000 Treasury Stock, 2,000 Shares .. What was the average issue price per share of the common stock? A) $36.40 B) $10.00 C) $50.40 D) $42.00

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