The following stockholders’ equity accounts arranged alphabetically are in the ledger of Westin Corporation at December 31, 2020.

Common Stock ($10 stated value) ........................................................... $1,500,000
Paid-in Capital from Treasury Stock ........................................................           6,000
Paid-in Capital in Excess of Par—Preferred Stock .................................         42,400
Paid-in Capital in Excess of Stated Value—Common Stock ..................      690,000
Preferred Stock (8%, $100 par, noncumulative) ....................................      360,000
Retained Earnings .....................................................................................      776,000
Treasury Stock—Common (7,000 shares) ..............................................       92,000

Instructions

a. Prepare a stockholders’ equity section at December 31, 2020.

b. Compute the book value per share of the common stock, assuming the preferred stock has a call price of $110 per share.