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Shown below is information relating to the stockholders' equity of Reeve Corporatton as of December 31 , Year 1 : 88 cumulative preferred stock, $100

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Shown below is information relating to the stockholders' equity of Reeve Corporatton as of December 31 , Year 1 : 88 cumulative preferred stock, $100 par value; authorized, ?? shares; issued and outstanding,?? shares Common stock, $10 par value; authorized, 500,000 shares; issued and outstanding, 120,000 shares Additional paid-in capital: Common stock Retained earnings (Deficit) Dividends in arrears $680,000 1,200,000 600,090 (68,000) 48,600 What was the original issue price per share of common stock

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