Initial 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 (5000) Preferred stock $228 Common stock (50 17 par 1,396 000 shares outstanding) 237 Paid-in capital in excess of par on common stock 19 462 Retained earnings 1,795 Total stockholders' equity $21.722 ES