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Seville Corporation has net assets of $3,922,000 and paid-in capital of $860,000. The only stock issue consists of 74,000 outstanding shares of common stock. From this information, it can be deduced that the company has:

A book value of $53 per share of common stock.

A deficit of $3,922,000.

A book value of $11.62 per share of common stock.

Retained earnings of $3,922,000.