ABC Co$.$ retired $0,000.$ The con shares during $2023.$ Earnings were $$160,000$ in $2023$ and dividends datined were $$60,000.$ The comparative quity accounts for $2022$ and $2023$ are as $23$ tod cl

$2023$

Common shares

Preferred shares

Retained earnings

$720,000$

$100,000$

$1,000,000$

$2022$

$900,000$

$100,000$

$1,100,000$

Required:

a$)$ What was the original price per share of the common shares?

$->$ The orginal $$nce

Share of the conamor

is $$45$C$720,000$

$60,000$

$-4000$

$45$

snceres

b$)$ What total dollar amount was paid for the common shares retired?