The shareholders equity section of Sundberg Corporations statement of financial position at December 31 is presented here.

SUNDBERG CORPORATION Statement of Financial Position (partial)
Shareholders equity
Contributed capital
$5 Preferred shares, cumulative,
9,000 authorized, 5,000 shares issued		$650,000
Common shares,
730,000 authorized, 540,000 shares issued		2,268,000
Contributed surplus		94,000
Total contributed capital		3,012,000
Retained earnings		1,167,000
Total shareholders equity		$4,179,000

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

$ per share

What is the average issue price of the preferred shares?

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 $14,000 were in arrears on preferred shares, what would be the balance reported for retained earnings?

Retained earnings balance

$