The shareholders' equity section of the balance sheet of Cresco Corporation follows: Contributed capital: Preferred shares, cumulative, $3.50, 4,000 shares outstanding liquidation value $56 per share Common shares, 20,000 shares outstanding Retained earnings Note: There are two years of dividends in arrears on the preferred shares, including the current year. $210,000 397,500 138,250 Refer to Table 13 -4. The book value per share for preferred shares is O A. $59.50 OB. $52.50 O C. $56.00 O D. $63.00