what will be the common shares and average cost of part b ????
Cato Ltd. was incorporated as a private company on January 2,2021, and is authorized to issue an unlimited number of commo shares and $1 preferred shares. The company had the following share transactions in its first month of operations: Jan. 6 Issued 217,000 common shares for $1.60 per share. 12 Issued 49,000 common shares for $1.72 per share. 17 Issued 10,500 preferred shares for $25.00 per share. 18 Issued 505,000 common shares for $2.00 per share. 24 Repurchased 202,000 common shares at $1.90 per share. 31 Issued 9,500 common shares in exchange for $14,250 of legal services. Question 6 of 6 6.8/15 an. 6 Cash 347,200 Common Shares 347.200 an. 12 Cash Common Shares 84.280 Common Shares 1.010 .000 lan24 Commonshares 377,740 Retained Earnings 6.060 What is the number and average cost of the preferred and common shares at the end of January? (Round "Average Cost" answers to 2 decimal places, es. 1.24.) Cato Ltd. was incorporated as a private company on January 2,2021, and is authorized to issue an unlimited number of commo shares and $1 preferred shares. The company had the following share transactions in its first month of operations: Jan. 6 Issued 217,000 common shares for $1.60 per share. 12 Issued 49,000 common shares for $1.72 per share. 17 Issued 10,500 preferred shares for $25.00 per share. 18 Issued 505,000 common shares for $2.00 per share. 24 Repurchased 202,000 common shares at $1.90 per share. 31 Issued 9,500 common shares in exchange for $14,250 of legal services. Question 6 of 6 6.8/15 an. 6 Cash 347,200 Common Shares 347.200 an. 12 Cash Common Shares 84.280 Common Shares 1.010 .000 lan24 Commonshares 377,740 Retained Earnings 6.060 What is the number and average cost of the preferred and common shares at the end of January? (Round "Average Cost" answers to 2 decimal places, es. 1.24.)