Use the Following Information for Questions 93-95 Additional Information:
on May 1, 2021, 6,000 Common Shares Were

Use the following information for questions 93-95.
The following data are provided for Croatia Corp.'s last two fiscal years:

$\begin{array}{ll}\ \text{ } & \quad \text{\ \(\underline{\text{ Dec 31,2021 }}\) } \quad\quad \quad \quad \quad \quad \text{\ \(\underline{\text{ Dec 31,2020 }}\) } \quad \quad \quad \\\text{ Cumulative preferred shares,\$5, no par value...............................................} & \quad\quad \quad \text{\ } \quad \quad\quad \quad \quad \quad \quad \text{\ } \quad \quad \quad \\\text{4,000 shares outstanding ...........................................................} & \quad\quad \quad \text{\$ 200,000 } \quad\quad \quad \quad \quad \quad\quad \text{\$ 200,000 } \quad \quad \quad \\ \text{ \ Common shares, no par, 24,000 shares outstanding.....................................} & \quad\quad \quad \text{\ 400,000 } \quad\quad \quad \quad \quad \quad\quad \text{\ 310,000 } \quad \quad \quad \\\text{ \ Retained earnings (post closing) ...........................................................................} & \quad\quad \quad \text{\ 480,000 } \quad\quad \quad \quad \quad \quad \quad \text{\ 43,000 } \quad \quad \quad \\\text{ \ Net income..........................................................................} & \quad\quad \quad \text{\ 180,000 } \quad\quad \quad \quad \quad \quad \quad \text{\ } \quad \quad \quad \\ \ \end{array}$

Additional information:
On May 1, 2021, 6,000 common shares were issued. Although dividends had been declared regularly up to December 31, 2020, preferred dividends were NOT declared during 2021. The market price of the common shares was $ 100 at December 31, 2021.
-The book value per common share at December 31, 2021 is

A) $ 16.67.
B) $ 18.18.
C) $ 27.50.
D) $ 35.83.