Reling Company reports the following information as of 12/31/2015. 10% cumulative preferred stock, par value $10 and liquidation value $11: 20,000 shares authorized and issued: 10,000 shares outstanding $100.000 Common stock - authorized 50,000 and 40.000 outstanding: $1 par value $ 40,000 Additional paid-in capital $350.000 Retained earnings $230,000 The book value per share of preferred stock is a $20 b.$11 C. $22 d. $10