Seville Corporation has net assets of $4,332,000 and paid-in capital of $880,000. The only stock issue consists of 76,000 outstanding shares of common stock. From this information, it can be deduced that the company has:

Retained earnings of $4,332,000.

A book value of $11.58 per share of common stock.

A deficit of $4,332,000.

A book value of $57 per share of common stock.

Please explain!