3-7 (similar to) Question Help nitial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' Equity ($000) Preferred stock $224 Common stock ($0.22 par, 1,400,000 shares outstanding) Paid-in capital in excess of par on common stock Retained earnings Total stockholders' equity 308 19,467 1,797 $21,796 The original price per share is S (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer All parts showing Check Answer Clear All