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The following partial stockholders' equity information was found on the balance sheet of the Dallas Company as of December 31, 2020, Preferred stock: cumulative; 10%. $50 par value: 20,000 shares authorized: 8 opo shares issued and outstanding Common stock: $_? par value; 200,000 shares authorized: 20,000 shares issued: 15,000 shares outstanding $100,000 Additional paid in capital On preferred stock 250.000 On common stock 480.000 120.000 Total paid in capital Retained earnings Treasury stock.22 common shares at cost $10 per share Total stockholders' equity What is the average per share price of the preferred stock? Select one: o a. 50.00 O b. 62.50 O C. 75.00 d. 81.25