The following data are provided: 
Additional information:On May 1, 2015, 5,000 shares of common stock were issued. The preferred dividends were not declared during 2015. The market price of the common stock was $50 at December 31, 2015.The book value per share of common stock at 12/31/15 is calculated as
Definitions:
Industry Short-Run Supply Curve
A curve that shows the quantity of a good that producers are willing and able to supply at different prices in the short term.
All-Natural Ice Cream Industry
a segment of the ice cream market focusing on products made from natural ingredients without artificial additives.
Whole Quantities
Amounts or volumes that are complete or entire, without fractions or decimals.
Profit-Maximizing Output
The level of production at which a firm achieves the maximum possible profit, determined by the point where marginal cost equals marginal revenue.
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