Use the following data for the next TWO questions: Shown below is information relating to the stockholders' equity of Monroe Corporation at December 31: 8% cumulative preferred stock, $100 par, 20,000 shares authorized, 10,000 shares issued Common stock, $5 par, 1,000,000 shares authorized, 800,000 shares issued Additional paid-in capital: preferred stock Additional paid-in capital: common stock $1,000,000 4,000,000 120,000 3,200,000 1,580,000 Retained earnings 50. The total amount of Monroe's paid-in capital at December 31 is: a. $3,320,000 b. $1,580,000 c. $5,000,000 d. $8,320,000 e. $9,900,000 he average issue price per share of Monroe's preferred stock was: a. $112 b. $100 c. $110 d. $56