The book value per share at the end of year

Question

Hartzog Corporation's most recent balance sheet and income statement appear below:

Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars)
	Year 2	Year 1
Assets
Current assets:
Cash	$ 240	$ 210
Accounts receivable	320	300
Inventory	190	200
Prepaid expenses	80	80
Total current assets	830	790
Plant and equipment, net	770	780
Total assets	$1,600	$1,570
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 260	$ 230
Accrued liabilities	60	60
Notes payable, short term	120	120
Total current liabilities	440	410
Bond payable	220	240
Total liabilities	660	650
Stockholders' equity:
Preferred stock, $100 par value, 5.0%	100	100
Common stock, $2 par value	400	400
Additional paid-in-capital--common stock	250	250
Retained earnings	190	170
Total stockholders' equity	940	920
Total liabilities & stockholders' equity	$1,600	$1,570

Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars)
Sales (all on account)	$1,410
Cost of goods sold	730
Gross margin	680
Selling and administrative expense	527
Net operating income	153
Interest expense	31
Net income before taxes	122
Income taxes (30%)	37
Net income	$    85

Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.10 per share.

The book value per share at the end of Year 2 is: (Round your answer to 2 decimal places.)