Use the following to answer questions 21 and 22: Cleveland Company reports the following information as of 12/31/2012:

Use the following to answer questions 21 and 22:Cleveland Company reports the following information as of 12/31/2012: shares authorized; issued, 10,000 shares; 0-Common stock - authorized 500,000; 40,000 outstanding; $2 par value - $80,000Pg 190 Additional paid-in-capital - $450,000-Retained Earnings - $2,000,000The book value per share of common stock is: A)$57.75 B)$60.25 C)$60.75 D)$63.25 The book value per share of preferred stock is: A)$ 100 B)$ 110 C)$ 112 D)$ 116