Pratt Corporation's balance sheet for 2017 reveals total shareholders' equity of $2,500,000. There are 10,000 shares of cumulative, $10 preferred shares outstanding and 50,000 common shares outstanding. To date, dividends in arrears for the preferred shares amount to $25,000. The liquidation value of the preferred shares is $105 per share. Book value per share of common shares is A. $28.50 B. $28.75 OC. $29.00 ( D. $29.50