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Save Homework: Chapt. 3 - Financial Statements & Ratio Analysis Score: 0 of 1 pt 5 of 8 (4 complete) HW Score: 7.76%, 6.83 of 88 pts P3-7 (similar to) Question Help Initial sale price of common stock Hudson-Perry Recordings Inc has one issue of preferred stock and one issue of common stock outstanding. Given their stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' Equity (5000) Preferred stock Common stock ($0.13 par, 1,390,000 shares outstanding) Pald-in capital in excess of par on common stock Retained earnings Total stockholders' equity $229 181 19,468 $21,676 The original price per share is $ (Round to the nearest cent)