The stockholders' equity section of Montel Company's balance sheet follows. $ 150,000 Preferred stock-5% cumulative, $10 par value, 15,000 shares authorized, issued and outstanding Common stock-$5 par value, 230,000 shares authorized, 180,000 shares issued and outstanding Retained earnings Total stockholders' equity 900,000 864,000 $1,914,000 Determine the book value per share of the common stock. Answer is complete but not entirely correct. Choose Numerator: Stockholders' equity applicable to common shares 1,756,500 Book Value Per Common Share Choose Denominator: Number of common shares outstanding 180,000 Book Value Per Common Share Book Value Per Common Share 9.76 = $