Analysis of Stockholders' Equity

The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $40 par value, 5,000 shares authorized, ? shares issued	$220,000
Common stock, ? par, 10,000 shares authorized, 8,000 shares issued	80,000
Additional paid-in capitalPreferred	9,900
Additional paid-in capitalCommon	560,000
Additional paid-in capitalTreasury stock	1,000
Total contributed capital	$870,900
Retained earnings	33,000
Treasury stock, preferred, 100 shares	(3,200)

Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent.

5. The average per-share sales price of the common stock when issued

8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value $fill in the blank 8 per share