Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, Year 1:

8.0% cumulative preferred stock, $100 par value; authorized, ?? shares; issued and outstanding, ?? shares

$ 600,000

Common stock, $10 par value; authorized, 500,000 shares; issued and outstanding, 120,000 shares

1,200,000

Additional paid-in capital: Common stock

600,000

Retained earnings (Deficit)

(60,000)

Dividends in arrears

48,000

The book value per share of common stock is closest to: (Round to 2 decimal places.)

Group of answer choices

$14.10.

$28.20.

$10.00.

$15.00.