Answer question a, b, c, d

The following items were shown on the balance sheet of McKean Corporation on December 31, 2008: Shareholders' Equity Share Capital Common shares, 1,000,000 shares authorized, shares issued $1,200,000 $2 preferred shares, cumulative, 20,000 shares authorized 6,000 shares issued Total share capital Retained Earnings Total Shareholders Equity 120,000 $1,320,000 500,000 $1,820,000 Instructions Complete the following statements using numbers only (no commas, $ symbols, or other non-numerical symbols). All of the common shares were issued at $5 per share a) The number of common shares issued was per share b) The preferred share dividend was c) The average issue price of the preferred shares was d) The total amount of cash and other assets paid to McKean Corporation in exchange for share capital at December 31, 2008 was