The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows: Preferred stock, $50 par value, 5,000 shares
authorized, ? shares issued $300,000
Common stock, ? par, 10,000 shares authorized,
7,000 shares issued 70,000
Additional paid-in capital—Preferred 10,800
Additional paid-in capital—Common 420,000
Additional paid-in capital—Treasury stock 2,000
Total contributed capital $802,800
Retained earnings 40,000
Treasury stock, preferred, 100 shares (3,500)
Total stockholders’ equity $ ?

The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value
$ per share

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.