Shown below is information relating to the stockholders' equity of Lakeside Corporation as of December 31, 2006:

8% cumulative preferred stock, $100 par ......................................$300,000

Common stock, $10 par, 500,000 shares

authorized, 90,000 shares issued and outstanding .........................900,000

Additional paid-in capital: common stock ......................................300,000

Retained earnings (Deficit) ..............................................................-20,000

Dividends in arrears ...........................................................................16,000

Refer to the above data. What was the original issue price per share of common stock?