The Following Balance Sheet Is Available $\quad$ $\quad$ $\quad$

The following balance sheet is available:
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Tabler Company }$
$\quad$ $\quad$ $\quad$ $\quad$$\text { Stockholders' Equity Section of the Balance Sheet }$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { At December } 31,2 \times 14 \text { and } 2 \times 13$

$\begin{array}{l}\begin{array}{lll}\\ \text { 11 \% Preferred stock, 50,000 shares }\\ \text { authorized; 30,000 shares issued }\\ \text { and outstanding}\\ \text { Common stock, \$ 3 par, 2,000,000 shares }\\ \text { authorized}\\\text { Additional paid-in capital-preferred}\\ \text {Additional paid-in capital-common}\\ \text { Total paid-in capital}\\ \text { Retained Earnings}\\ \text { Total paid-in capital and retained eamings}\\ \text { Treasury stock, 6,000 shares of common}\\ \text { Total Stockholders' equity}\\\end{array}\begin{array}{lll}\underline{2 X 13}& \underline{2 X} 12 \\\\\\\$ 3,000,000 & \$ 3,000,000 \\\\2,700,000 & 2,700,000 \\180,000 & 180,000 \\\underline{4,400,000} & \underline{4,400,000} \\\$ 10,280,000 & \$ 10,280,000 \\\underline{11,400,000}& \underline{7,900,000} \\{21,680,000} &{18,180,000}\\\underline{(156,000) }&\underline{(156,000) }\\\underline{\$ 21,524,000} & \$ \underline{\$ 18,024,000} \\\end{array}\end{array}$
Net income in 2X14 was $5,000,000 and the market price was $61.56 per share of common stock.
What is the book value per share of common stock for Tabler Company at December 31,2X14?

A) $9.17
B) $18.44
C) $18.56
D) $20.38
E) $20.52