Required information [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$6 par value, 188,880 shares authorized, 38,000 shares issued and outstanding $ 180,000 140,000 360,000 $680,000 Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 35,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($60,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. March 28 April 5 July 5 July 31 January 5 Declared a $0.50 per share cash dividend, date of record January 10. Purchased treasury stock for cash. Declared a $8.50 per share cash dividend, date of record April 10. Declared a $0.50 per share cash dividend, date of record July 10. Declared a 20% stock dividend when the stock's market value was $10 per share. Issued the stock dividend that was declared on July 31. Declared a $0.50 per share cash dividend, date of record October 10. August 14 October 5 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) Cost per share $211,200 160,800 420,000 792,000 (60,000) $ 732,000