Question 7 (5 points) At fiscal year end, December 31, 2017, Alpha Corporation had total stockholders' equity of S10,000,000. There is only one class of common stock and no preferred stock. On January 1, 2017 the Common Stock account was value at S500,000. On July 1,2017, Alpha issued 20,000 additional shares of its S5 par common stock for $15 per share. Use this information to determine the book value as of end of the FY 2017: (Round your answer to the nearest penny.)