[The following information applies to the questions displayed below.) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: Daid-in capitali May 31 2019 April 30, 2013 Preferred stock. $120 par value, 58, cumalative, 100,000 shares authorized, 74,000 shares issued and outstanding $ 0,880,000 58,880,000 Common stock, $6 par value, 600,000 shares authorized, 420,000 and 400,000 shares issued, respectively 2 2.400.000 Additional paid-in capital 74,670,000 14.140,000 Retained earnings 12.070.000 11.794.000 Lesot Treasury common stock, at cost: 21,000 shares and 19.500 shares respectively 2222.000 11.972.0001 $ 7 $35.342.000 Total stockholders' equity b. The only transaction affecting additional paid-in capital during the month of May was the sale of additional common stock. At what price per share were the additional shares sold? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. $ 28,50 Price por share Required information [The following information applies to the questions displayed below.) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: May 31, 2019 April 30, 2013 59,880,000 8,880,000 Paid-in capitali Preferred stock, $120 par value, 5t, cumulative, 100,000 shares authorized, 74,000 shares issued and outstanding Common stock, $6 par value, 600,000 shares authorized, 420,000 and 400,000 shares issued, respectively Additional paid-in capital Retained earnings Leos: Treasury common atoek, at cost: 21,000 shares and 19,500 shares, respectively Total stockholders' equity 7 14,670.000 12,070.000 2,400,000 14,140,000 11,794,000 (1.932.000) 2 972.000) $35,342,000 c. What was the average cost per share of the common stock purchased for the treasury during the month? Cost per share Required Information [The following information applies to the questions displayed below.) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: May 31, 2019 Paid-in capital: April 30, 2019 Preferred stock, $120 par valuo, 58, cumulative, 100,000 shares authorized, 74,000 shares issued and outstanding $ 8.880,000 $ 8,880,000 Common stock, $6 par value, 600,000 shares authorized, 420,000 and 400,000 shares issued, respectively 2 2,400,000 Additional paid-in capital 14,670,000 24.140,000 Retained carnings 12,070,000 11.794.000 Less: Treasury common stock, at cost; 21,000 shares and 19,500 shares, respectively (1.232.000) 1.872 000) $ 2 $35.342.000 Total stockholders' equity d. During May, dividends on preferred stock equal to one-half of the 2019 dividend requirement were declared and paid. There were no common dividends declared or paid in May. Calculate net income for May. Net income