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. $11,000$ shares were issued to the organizers of the corporation. The total value of the shares wasdetermined to be $$11,300.$shares were sold to various shareholders for $$12\mathrm{.}80$ each.The board of directors declared a cash dividend of $$0\mathrm{.}68$ per common share to shareholders of record on January $19,$ payable January $31\mathrm{.}4,000$ shares were issued in exchange for a special piece of land with a book value of $$45,200,$ but no determined Fair Market Value. The shares were actively trading on this date at $$10\mathrm{.}80$ per$3131$Closed the Income Summary account, which showed a credit balance of $$158,0\%0.$Paid the dividends declared on January $15.$Required: a$.$ Journalize the above transactions. The Company does not use a Cash Dividends Account.Required:

a$.$ Journalize the above transactions. The Company does not use a Cash Dividends Account.

Journal entry worksheet

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Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,2023,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

b$.$ Prepare the equity section of Westby's balance sheet at January $31,2023.$

$\backslash$table$[[$WESTBY CORP.,$],[$Equity Section of the Balance Sheet,$],[$January $31,2023,],[,],[,],[$Total equity,$]]$

c$.$ What was the average issue price per common share? $($Round your answer to $2$ decimal placts.$)$

Average issue price

per share