Question - At fiscal year end, December 3, 2017, Alpha Corporation had total stockholder's equity of $2,500,00. On FY 2017 year end, Alpha Corporation had Common Stock account of $1,000,000 of $10 par value common stock and Preferred Stock account was $100,000 of $100 per value. There was no treasury stock. The proffered stock was noncumulative and had a call price of $105. Use this information to determine the book value of Common Stock as of end of the FY 2017. (Round your answer to the nearest penny).
Please show calculations.