The following information is from the December 31, 2018 balance sheet of Millner Corporation. Preferred Stock, $100 par Paid - In Capital in Excess of Par-Preferred Common Stock, $1 par Paid - In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $540,000 42,000 170,000 600,000 141,500 $1,493,500 What was the average issue price of the common stock shares? (Round your answer to the nearest cent.) OA. $1.99 B. $4.53 C. $1.00 $3.53