The following information is from the December 31, 2024 balance sheet of Lucky Corporation. Preferred Stock, $100 par $590,000 Paid-In Capital in Excess of Par-Preferred 39,000 205 Common Stock, $1 par 300,000 Paid-In Capital in Excess of Par-Common 680,000 Retained Earnings Total Stockholders' Equity 151.500 $1,760,500 What was the average issue price of the common stock shares? (Round your answer to the nearest cent.) $3.27 $1.00 $2.27 O $3.60