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: Paid-in capitali Preferred stock, $120 par value, 64, cumulative, 100,000 shares authorized, 90,000 shares issued and outstanding Common stock, $6 par value, 600,000 shares authorized, 390,000 and 370,000 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 May 31, 2019 April 30, 2019 $10,800,000 $10,800,000 ? 14,750,000 12,150,000 2,220,000 14,300,000 11,874,000 (1,656,000) (1,632,000) $ 2 $37,562,000 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.) Answer is complete but not entirely correct. Price per share $ 22.50 x