Given the following, prepare the book value per share for preferred and common stock:
• Preferred Stock $98,000; 1,100 shares issued and outstanding.
• Common Stock $170,000; 1,800 shares issued and outstanding.
• Retained Earnings, $59,000.
• Preferred Dividends in Arrears, $3,300.
• Paid-in capital in excess of par: preferred, $7,400.
• Paid-in capital in excess of par: common, $7,750.
• Redemption value on preferred stock, $21.