The following information is available for the Barber Corporation as of December 31, 2020:

Preferred shares, cumulative, $10.00, 1,000 shares authorized and issued$100,000Common shares, 4,000 shares authorized and issued400,000Retained earnings100,000

Barber Corporation did not declare a dividend in 2019 or 2020. The liquidation value of the preferred shares is $100 per share. Prior to 2019, there were no dividends in arrears. Compute book value per share for preferred shares and common shares.

Select one:

A.

$120 for preferred, $182.50 for common

B.

$120 for preferred, $120 for common

C.

$100 for preferred, $187.50 for common

D.

$110 for preferred, $185 for common