Question: what will be the ans of part b ,????? Current Attempt in Progress Ridgewood Ltd. was incorporated as a private company on January 2, 2021,



Current Attempt in Progress Ridgewood Ltd. was incorporated as a private company on January 2, 2021, and is authorized to issue an unlimited number of common shares and $1 preferred shares. The company had the following share transactions in its first month of operations: Jan. 6 Issued 218,000 commonshares for $1.50 per share. 12. Issued 49,000 common shares for $1.77 per share. 17 Issued 10,500 preferred shares for $26.00 per share. 18 Issued 471,000 common shares for $2.00 per share. 24 Repurchased 193,000 common shares at $1.90 per share. 31 Issued 9,100 common shares in exchange for $13,650 of legal services. Question 6 of 6 10.78/15 Common Shares an. 17 Common Sharet Retained Earnings Common Shares 942,000 Retained Earnings Cash Professional Fees Expense 13,650 CommonShares (b) What is the number and average cost of the preferred and common shares at the end of January? (Round "Average Cos 2 decimal places, e.g. 1.24.)
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