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What is the total contributed capital of the company

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Reference no: EM133031873

Problem - The equity section of Gannon Oilfield Corporation's balance sheet at December 31, 2019 is shown below.

Preferred Shares

Authorized - 100 shares

Issued and Outstanding - 64 Shares $3,456

Common Shares

Authorized - 2,000 Shares

Issued and Outstanding - 800 Shares 1680

Retained Earnings 600

Required -

a. What is the average price received for each issued preferred share?

b. What is the average price received for each issued common share?

c. What is the total contributed capital of the company?

Reference no: EM133031873

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