raded Homework Saved Required information [The following information applies to the questions displayed below) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: May 31, 2019 April 30, 2019 $ 9,880,000 $ 9,880,000 Paid-in capital: Preferred stock, $130 par value, 8x, cumulative, 100,000 shares authorized, 76,000 shares issued and outstanding Common stock, $4 par value, 609,800 shares authorized, 430,000 and 410,000 shares issued, respectively Additional paid in capital Retained earnings Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively Total stockholders' equity 1,640,000 14,160,000 11,800,000 2 14,680, eee 12,080,000 (1,656,000) s 2 (1,632,000) $35,852,000 b. The only transaction affecting additional paid-in capital during the month of May was the sale of additional common stock. At what price per share were the additional shares sold? (Round your answer to 2 decimal places.) Price per share