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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

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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 ($000) Preferred stock $227 Common stock ($0.17 par, 1,402,000 shares outstanding) 238 Paid-in capital in excess of par on common stock 19,470 Retained earnings Total stockholders' equity 1,791 $21,726 The original price per share is $ (Round to the nearest cent.)

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