The following data are provided:

	December 31
	2021		2020
Cash	$ 1600000		$ 1020000
Accounts receivable (net)	1400000		1200000
Inventories	2450000		2200000
Plant assets (net)	6000000		6600000
Accounts payable	1000000		800000
Income taxes payable	180000		110000
Bonds payable	1450000		1450000
10% Preferred stock, $50 par	1800000		1800000
Common stock, $10 par	2500000		1900000
Paid-in capital in excess of par	1650000		1300000
Retained earnings	4150000		3600000
Net credit sales	13000000
Cost of goods sold	8500000
Operating expenses	2750000
Net income	1550000

Additional information: Depreciation included in cost of goods sold and operating expenses is $1230000. On May 1, 2021, 60000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2021. The book value per share of common stock at 12/31/21 is