The shareholders' equity section of Sundberg Corporation's statement of financial position at December 31 is presented here. SUNDBERG CORPORATION Statement of Financial Position (partial) Shareholders' equity Contributed capital $6 Preferred shares, cumulative, 9,000 authorized, 7,000 shares issued $595,000 Common shares, 770,000 authorized, 580,000 shares issued 2,030,000 Contributed surplus 91,000 Total contributed capital 2,716,000 Retained earnings 1,157,000 Total shareholders' equity $3,873,000 From your review of the shareholders' equity section above, answer the following questions. What is the average issue price of the common shares? (Round answer to 2 decimal places, e.g. 15.25.) Average issue price of the common shares $ What is the average issue price of the preferred shares? per share Average issue price of the preferred shares $ per share Calculate the annual total dividend on preferred shares. Annual total dividend on preferred shares $ If dividends of $17,000 were in arrears on preferred shares, what would be the balance reported for retained earnings? Retained earnings balance $ The shareholders' equity section of Sundberg Corporation's statement of financial position at December 31 is presented here. SUNDBERG CORPORATION Statement of Financial Position (partial) Shareholders' equity Contributed capital $6 Preferred shares, cumulative, 9,000 authorized, 7,000 shares issued $595,000 Common shares, 770,000 authorized, 580,000 shares issued 2,030,000 Contributed surplus 91,000 Total contributed capital 2,716,000 Retained earnings 1,157,000 Total shareholders' equity $3,873,000 From your review of the shareholders' equity section above, answer the following questions. What is the average issue price of the common shares? (Round answer to 2 decimal places, e.g. 15.25.) Average issue price of the common shares $ What is the average issue price of the preferred shares? per share Average issue price of the preferred shares $ per share Calculate the annual total dividend on preferred shares. Annual total dividend on preferred shares $ If dividends of $17,000 were in arrears on preferred shares, what would be the balance reported for retained earnings? Retained earnings balance $