Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, 2018:

5.0% cumulative preferred stock, $100 par$500,000

Common stock, $10 par, 400,000 shares authorized,

124,000 shares issued and outstanding1,240,000

Additional paid-in capital: Common stock744,000

Retained earnings (Deficit)(62,000)

Dividends in arrears25,000

What was the original issue price per share of common stock?

$4.96 per share.

$10.00 per share.

$16.00 per share.

$3.10 per share.