Prairie Charters Reported the Following Information at December 31, 2016

Multiple Choice

Prairie Charters reported the following information at December 31, 2016: $\begin{array}{lr}\text { Common stock, } \$ 1 \text { par, } 500,000 \text { shares authorized, } 100,000 \text { shares issued } & \$ 100,000 \\\text { Additional paid-in capital-Common } & 25,000 \\\text { Retained earnings } & 75,000 \\\quad \text { Total stockholders' equity } & \$ 250,000\end{array}$ The average recorded value per share of common stock at December 31, 2016, is

A) $1.00
B) $1.75
C) $1.25
D) $2.50