The following partial stockholders' equity information was found on the balance sheet of the Dallas Company as of December 31, 202 Preferred stock, cumulative; 10%, $50 par value 20,000 shares authorized: 8,000 shares issued and outstanding Common stock; $_? par value: 200,000 shares authorized 20,000 shares issued: 15,000 shares outstanding $100,000 Additional paid in capital On preferred stock 250,000 On common stock 480.000 120,000 Total paid in capital Retained earnings Treasury stock n common shares at cost $10 per share Total stockholders' equity What is the average per share price of the preferred stock? Select one: O a. 62.50 b. 75.00 O C. 50.00 0 d. 81.25