P3-9 Initial sale price of common stock Haymitch Brewing Corporation has one issue preferred stock and one issue of common stock outstanding. Given Haymitch's stockholders' equity account that follows, determine the original price per share a which the firm sold its single issue of common stock. $ 225 Stockholders' Equity (5000) Preferred stock Common stock ($0.50 par, 400,000 shares outstanding) Paid-in capital in excess of par on common stock Retained earnings Total stockholders' equity 200 2,600 800 $3,825