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question: What was the original issue price per share of common stock? Please show work!7 Shown below is information relating to the stockholders' equity of

image text in transcribedquestion: What was the original issue price per share of common stock?

Please show work!7

Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, Year 1: 6.0% cumulative preferred stock, $100 par value; authorized, ?? shares; issued and outstanding, ?? shares Common stock, $10 par value; authorized, 440,000 shares; issued and outstanding, 156,000 shares Additional paid-in capital: Common stock Retained earnings (Deficit) Dividends in arrears $ 1,400,000 1,560,000 780,000 (78,000) 84,000 What was the original issue price per share of common stock

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