Use the following information to answer the next 5 questions: The Stockholder's Equity accounts of Aspen Corp. on December 31, 2018 were as follows Preferred Stock (6%, $100 par, cumulative, 8000 authorized) $ 600,000 Common Stock (53 par1.500,000 authorised) 900,000 APIC - Preferred 90,000 APIC - Common 700,000 Retained Earnings 780,000 Treasury Stock-Coenmon ($9 cost) 45,000 During 2019 the corporation had the following transactions and events pertaining to its stockholders equity. Mar. 21 Issued 20,000 shares of common stock in exchange for land. On the date of purchase the land had a fair market value of S210,000 and the stock was selling for Sil per share. April 17 Sold 1,500 shares of treasury stock - common for $12 per share. Nov. 22 Purchased 700 shares of common stock for the treasury at a cost of 56,300. Dec 31 Determined that net income for the year was 5463,000. Dividends were declared and paid during December. These dividends included a $0.20 per share dividend to common stockholders of record as of December 12. Preferred dividends are one year in arrcars. The March 21 entry would include a A a credit to additional paid in capital of $160,000 B. a credit to additional paid in capital of S150,000 Ca credit to common stock for S210,000 D. a debit to loss for $10,000 E. ad a debit to land for $210,000 Determine the average selling price per share of the Preferred Stock when it was issued. A $100 B. $115 C. $86.25 D. $75 E $69 Determine the divided for each class of stock: Preferred Common A. $ 72,000 $ 64,840 B $ 72,000 $ 63,160 C $ 72,000 $ 64,000 D S 36,000 $ 63,000 E. S 36,000 $63,300 What is the Total Contributed Capital as of December 31, 2019? A $2,508,200 B. $2,510,000 C. $2,514,500 D. $2.460.500 E $2,504,500 Determine total stockholder's equity as of Decem ecember 31, 2019 A. $3,570,040 B. $3,571,940 C. $3,580,040 D. $3,584,540 E $3,620,540