Please show your calculations and explain how you got the answers.

The shareholders' equity section of HANDLEY Corporation's statement of financial position at December 31 is presented here HANDLEY CORPORATION Statement of Financial Position (partial) Shareholders' equity Contributed capital $5 Preferred shares, cumulative, 10,000 authorized, 5,600 shares issued $560,000 Common shares, 750,000 authorized, 547,300 shares issued 1,751,360 Contributed surplus 97,000 Total contributed capital 2,408,360 Retained earnings 1,274,000 Total shareholders' equity $3,682,360 From your review of the shareholders equity section above, answer the following questions. What is the average cost of the common shares? (Round the answer to 2 decimal places, e.g. 2.50.) Average Cost per share What is the average cost of the preferred shares? Average Cost per share Calculate the annual total dividend for preferred shares. Annual Dividend If dividends of $16,100 were in arrears on preferred shares, what would be the balance reported for retained earnings? Retained Earnings $