The following selected information relates to Candle Company for the past two years.

Account Current year Prior year

Net sales (all credit) $237,250 $180,000

Cost of goods sold $115,000 $110,000

Gross profit $122,250 $70,000

Income from operations $32,000 $30,000

Interest expense $2,000 $7,000

Net income $24,000 $18,000

Cash $22,000 $14,000

Accounts receivable, net $25,000 $31,000

Inventory $56,000 $44,000

Prepaid expenses $2,000 $1,000

Total current assets $107,000 $90,000

Total long-term assets $148,000 $175,000

Total current liabilities $62,000 $90,000

Total long-term liabilities $20,000 $78,000

Common stock, no par, 3500 shares, market value $96 per share:

$40,000 $40,000

Retained earnings $133,000 $57,000

What is the book value per share of common stock for the current year?

Please show steps, thanks!