The Following Information Is Available for Gordon Corporation Instructions
Based on the Preceding Information, Calculate the Book Value

The following information is available for Gordon Corporation: $$\begin{array} { l r } \text { Common stock } ( \$ 5 \text { par } ) & \$ 600,000 \\\text { Paid-in capital in excess of par-common } & 200,000 \\\text { Retained earnings } & 180,000 \\\text { Treasury stock } & 80,000 \\\text { Common shares issued } & 100,000 \text { shares } \\\text { Common shares outstanding } & 90,000\end{array}$$ Instructions
Based on the preceding information, calculate the book value per share.