The shareholders’ equity section of Embrance Inc. balance sheet at December 31, 2015 is shown below. Preferred shares Authorized—200 shares Issued and outstanding—110 shares $4,290. Common shares Authorized—1,800 shares Issued and outstanding—1.200 shares $2,015. Retained earnings 900 Total shareholders’ equity $5,736
1. What is the average price received for each issued preferred share?
2. What is the average price received for each issued common share?