The Following Information Is from the December 31,2017 Balance Sheet

The following information is from the December 31,2017 balance sheet of Lawson Corporation. $$\begin{array} { | l | r | } \hline \text { Preferred Stock, } \$ 100 \text { par } & \$ 560,000 \\\hline \text { Paid-In Capital in Excess of Par-Preferred } & 43,000 \\\hline \text { Common Stock, } \$ 1 \text { par } & 190,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & 510,000 \\\hline \text { Retained Earnings } & \underline { 191,500 } \\\hline \text { Total Stockholders' Equity } & \$ 1,494,500 \\\hline\end{array}$$ What was the average issue price of the common stock shares? (Round your answer to the nearest cent. )

A) $1.88
B) $1.00
C) $2.68
D) $3.68