Use the Following Information for Questions 64 Through 69

Multiple Choice

Use the following information for questions 64 through 69.
The following data are provided: Additional information:
Depreciation included in cost of goods sold and operating expenses is $610,000. On May 1, 2015, 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015.
-The book value per share of common stock at 12/31/15 is

A) 3,900 ÷ 120.
B) 3,880 ÷ 120.
C) 3,900 ÷ 110.
D) 4,000 ÷ 110.