**I only need the answer to E.***

My original answer for E was 34.09 (rounded) but it was incorrect.

The year-end balance sheet of Columbus Products, Inc., includes the following stockholders equity section (with certain details omitted).

Stockholders' equity:
Capital stock:
7% cumulative preferred stock, $100 par value	$	15,000,000
Common stock, $5 par value, 5,000,000 shares authorized, 4,000,000 shares issued and outstanding		20,000,000
Additional paid-in capital:
Common stock		44,000,000
Retained earnings		64,450,000
Total stockholders equity	$	143,450,000

From this information, compute answers to the following questions.

a. How many shares of preferred stock have been issued?

b. What is the total amount of the annual dividends to which preferred stockholders are entitled?

c. What was the average issuance price per share of common stock?

d. What is the amount of legal capital and the amount of total paid-in capital?

e. What is the book value per share of common stock, assuming no dividends in arrears?

f. Is it possible to determine the fair market value per share of common stock from the stockholders' equity section above?