Westby Corp., a high school uniform manufacturer, was authorized to issue an unlimited number of common shares. During January 2023, its first month of operations, the following selected transactions occurred: Jan. 11,9e9 shares were Issued to the organizers of the corporation. The total value of the shares was determined to be $12,000, 515,000 shares were sold to various shareholders for $13.50 each. 15 The board of directors declared a cash dividend of je.75 per connon share to shoreholders of record on Jonuary 19, payable January 31. 20 , 400 shares were issued in exchange for a special piece of land with a book value of $48, 0ce, but no deternined fair Market Value. The shares mere actively tradsng on this date at 511 , 50 per share. 31 Closed the Treone Sutinafy account, which showed a credit balance of $165,000. 31 Paid the dividends declared on January 15 . Required: 0. Journalize the above transactions. The Company does not use a Cash Dividends Account. Journal entry worksheet b. Prepare the equity section of Westby's balance sheet at January 31, 2023. c. What was the average issue price per common share? (Round your answer to 2 decimal places