Some recent financial statements for Smollra Golf Corporation follow:
SMOLLRA GOLF CORPORATION 2020 and 2021 Balance Sheets
2020 2021
Liabilities and Owners Equity
Current liabilities
Accounts payable $24,236 $26,000
Notes payable $14,348 $17,100
Other Asce15 $29,000
Total current liabilities $67,584 $60,100
Long-term debt $88,000 $99,000
Owners equity
Common stock and paid-in surplus $45,000 $45,000
Accumulated retained earnings $219,616 $233,000
Fixed assets
Net plant and equipment $343,695 $364,900
Total assets $410,171 $437,000
Total liabilities and owners equity $410,171 $437,000
SMOLLRA GOLF CORPORATION 2021 Income Statement
Sales $392,640
Cost of goods sold $257,000
Depreciation $48,800
Earnings before interest and taxes $86,840
Interest paid $16,200
Taxable income $70,640
Taxes $28,256
Net income $42,384
Dividends $29,000
Retained earnings $13,384
Smollra Golf Corporation has 20,000 shares of common stock outstanding and the market price for a share of stock at the end of 2021 was $21. What is the book value per share for Smollra Golf?