Below is the stockholders’ equity section of Hegel Corporation’s balance sheet. Determine the book value per share for both the preferred and the common stock

Contributed capital

Preferred stock, $100 par value, 6 percent Cumulative,

10,000 shares authorized, 200 shares issued

and outstanding .............. $ 20,000

Common stock, $5 par value, 100,000 shares

authorized, 10,000 shares issued and

9,000 shares outstanding ........... $ 50,000

Additional paid-in-capital ........... 28,000

Total contributed capital ........... $ 98,000

Retained earnings ............... 95,000

Total stockholders’ equity ............ $ 193,000

Less treasury stock, common (1,000 shares at cost) .. 15,000

Total stockholders’ equity ........... $ 178,000