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The Verbrugge Publishing Company's 2010 balance sheet and income statement are as follows (in millions of dollars): <image 1> Verbrugge and its creditors have agreed upon a voluntary reorganization plan. In this plan, each share of the 2.40 preferred with a par value of 75. The $10.50 preferred issue will be retired with cash. What is the income available to common shareholders in the proposed recapitalization? (A) $4 million (B) $5 million (C) $6 million (D) $7 million Answer with the option's letter from the given choices directly. No punctuation. | A Expected Answer: D Difficulty: Hard Subfield: Financial Management |