Bevington Studio Reported the Following Income Statement and Balance Sheet

Bevington Studio reported the following income statement and balance sheet amounts on December 31, 2007.
$\begin{array}{|l|r|r|}\hline & 2007 & 2006 \\\hline \text { Net sales revenue (all credit) } & \$ 950,000 & \\\hline \text { Cost of goods sold } & 630,000 & \\\hline \text { Gross profit } & 320,000 & \\\hline \text { Selling and general expenses } & 230,000 & \\\hline \text { Interest expense } & 20,000 & \\\hline \text { Net income } & \$ 70,000 & \\\hline\\\hline \text { Current assets } & \$ 60,000 & \$ 55,000 \\\hline \text { Long-term assets } & {465,000}&{445,000} \\\hline \text { Total assets }-12 / 31 & \underline{\$ 525,000} & \$ \$ 500,000 \\\hline \text { Current liabilities } & \$ 25,000 & \$ 20,000 \\\hline \text { Long-term liabilities } & 105,000 & 205,000 \\\hline \text { Common stockholders' equity - 12/31 } & 395,000 & 275,000 \\\hline \begin{array}{l}\text { Total liabilities and } \\\text { stockholders' equity }\end{array} & \underline{\$ 525,000} & \underline{\$ 500,000} \\\hline\end{array}$ Inventory and prepaid expenses account for $20,000 of the 2007 current assets.
Average inventory for 2007 is $15,000.
Average net accounts receivable for 2007 is $30,000.
Average one-day sales are $3,150.
There are 7,000 shares of common stock outstanding.
Total dividends paid during 2007 were $140,000.
The market price per share of common stock is $21.
What is the company's book value per share of common stock on December 31, 2007?

A) $75.00
B) $15.00
C) $56.43
D) $10.00