Porpoise Company Has the Following Balances

Porpoise Company has the following balances:
• Common stock: $2,000
• Paid-in capital in excess of par: $298,000
• Retained earnings: $420,000
The company has no preferred stock and has 24,000 shares of common stock outstanding.
How much is the book value per share of common stock?

A) $12.50 per share
B) $30.00 per share
C) $12.42 per share
D) $29.80 per share