Information for Sheridan Company is given below: Sheridan Company Balance Sheet December 31, 2021 Assets Equities Cash $ 291000 Accounts payable $ 638000 1941000 Income taxes payable 186000 Accounts receivable (net) Inventories 2441000 223000 Miscellaneous accrued payables Plant and equipment, 1800000 Bonds payable (8%, due 2023) net of depreciation 1985000 Preferred stock ($100 par, 6% Patents 259000 757000 cumulative nonparticipating) Other intangible assets 73900 Common stock (no par, 60,000 Total Assets $6990900 shares authorized, issued and outstanding) 1120000 Retained earnings 2493900 Treasury stock-1500 shares of preferred (227000) Total Equities $6990900 Sheridan Company Income Statement Year Ended December 31, 2021 Net sales $9300000 Cost of goods sold 6500000 Gross profit 2800000 Operating expenses (including bond interest expense) 1500000 Income before income taxes 1300000 Income tax 450000 Net income $ 850000 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 $59.47 $56.48 $60.23 O $58.98