The equity portions of a company's balance sheets for the end of 2022 and 2023 are shown below:
2022 2023
Common Stock $2,268,566 $3,729,028
Capital Surplus $1,067,967 $5,223,225
Retained Earnings $2,005,277 $6,911,362
Calculate the average price per share at which new shares were sold in 2023.
a. $0.75
b. $1.42
c. None of these options are correct
d. $0.50
e. $1.92