The following data are provided: 2021 5% Cumulative preferred stock, $50 par Common stock, $10 par Additional paid-in capital Retained earnings (includes current year net income) Net income $100,000 140,000 80,000 250,000 50,000 December 31, $100,000 90,000 70,000 215,000 Additional information: On May 1, 2021, 5,000 shares of common stock were issued. The preferred dividends were not declared during 2021. The market price of the common stock was $50 at December 31, 2021. The book value per share of common stock at 12/31/21 is calculated as @ 470 + 14, 220 + 14, @ 465 + 14, @ 390 : 14