Hi, can someone help me to calculate the average per-share sales price of the preferred stock when issued.

Preferred stock, $30 par value,. $ 120,000
5,000 shares authorized, 4000 shares issued

Additional paid in capital - Preferred... 6,000


How can we calculate the average price?


Thank you =)

Well try to figure out how much the stock was sold for. Let me know how you do and I will take a look at the answer.