Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, 2018: $1,400,000 6.0% cumulative preferred stock, $100 par, 28,000 shares authorized, 14,000 shares issued Common stock, S3 par, 440,000 shares authorized, 264,000 shares issued and outstanding Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained earnings $ 792,000 $ 14,000 $2,000,000 $ 970,000 Dividends have been declared and paid for 2018. The average issue price per share of Grant's preferred stock was