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How much did the company receive for each preferred share

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Reference no: EM133121774

Question - Below is the equity section of the balance sheet of Water, Inc. as of December 31, 2019:

Common Stock, $1 Par $1,600,000.00

Additional Paid in Capital from Common Stock $2,360,000.00

Preferred Stock, $25 Par $569,100.00

Additional Paid in Capital from Preferred Stock $560,000.00

Treasury Stock $ -

Retained Earnings $1,950,000.00

Required - How much did the company receive for each preferred share it issued?

Reference no: EM133121774

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