what is the average per share price of the preferred stock?

S The following partial stockholders' equity information was found on the balance sheet of the Dallas Company as of December 31, 2020, Preferred stock; cumulative; 10%, S50 par value: 20,000 shares authorized; 8,000 shares issued and outstanding Common stock: S 2 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 2 120,000 Total paid in capital Retained eamings Treasury stock. common shares at cost, slo per share Total stockholders' equity What is the average per share price of the preferred stock? Select one: O a. 62.50 b. 81.25 o C. 75.00 O d. 50.00