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On December 31, 2020, shareholders' equity accounts of Enviro Products Inc. (EPI) had the balances shown below. EPI paid dividends of $4,500 on December 1,2020. (Click the icon to view the shareholders' equity balances.) 1. EPI sold 8,000 common shares on June 30,2020 . What was the average selling price of these shares if this was the only common-shares transaction during 2020? 2. Journalize EPI's sale of the common shares on June 30,2020 . 3. Based only on the above information, did EPI earn a profit or loss during 2020 ? Calculate the profit or loss. Requirement 1. EPI sold 8,000 common shares on June 30,2020. What was the average selling price of these shares if this was the only common-shares transaction during 2020? (Round your answer to the nearest cent.) The average selling price of the shares was $ per share. (Click the icon to view the shareholders' equity balances.) Shareholders' equity balances