Seville Corporation has net assets of $2,040,000 and paid-in capital of $720,000. The only stock issue consists of 60,000 outstanding shares of common stock. From this information, it can be deduced that the company has: (choose best answer)

Retained earnings of $2,040,000.

A book value of $34 per share of common stock.

A deficit of $2,040,000.

A book value of $12.00 per share of common stock.