The balance sheet of Pujari Sports Corp. reported the following:

Cumulative preferred shares, 300 shares issued and outstanding,
liquidation value $15,000 ........................................................................... $ 15,000
Common shares, 25,000 shares issued and outstanding ...................... 187,500

Assume that Pujari Sports had paid preferred dividends for the current year and all prior years (no dividends in arrears). Retained Earnings was $115,000. 

Required

Compute the book value per share of the preferred shares and the common shares.