Coronado Industries Balance Sheet December 31, 2021 Assets Cash Accounts receivable (net) Inventories $ 292000 1948000 Equities Accounts payable Income taxes payable $633000 192000 2445000 223000 Plant and equipment, 1900000 net of depreciation 1980000 Patents 260000 748000 Other intangible assets 74100 Miscellaneous accrued payables Bonds payable (8%, due 2023) Preferred stock ($100 par, 6% cumulative nonparticipating) Common stock (no par, 60,000 shares authorized, issued and outstanding) Retained earnings Treasury stock-1500 shares of preferred Total Equities Total Assets $6999100 1130000 2399100 (226000) $6999100 Coronado Industries Income Statement Year Ended December 31, 2021 Net sales Cost of goods sold Gross profit Operating expenses (including bond interest expense) Income before income taxes Income tax Net income $8500000 5600000 2900000 1400000 1500000 430000 $ 1070000 Additional information: There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2021, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2021. Assume that preferred dividends for the current year have not been declared. At December 31, 2021, the book value per share of common stock was O $55.08. O $58.82 O $58.07. O $57.58