10: Assignment Saved Help Save & Exit Submit University Security Inc. Equity Section of Balance Sheet December 31, 2023 Contributed capital: Preferred shares, $4.9, unlimited shares authorized, 14,900 shares issued and outstanding Common shares, unlimited shares authorized, 35,900 shares issued and outstanding* Total contributed capital Retained earnings Total equity $ 317,000 464,000 $ 781,000 961,000 $1,742,000 *All of the shares had been issued early in 2022. Required: Part 1: Calculate book value per common share and preferred share at December 31, 2023, assuming $0 being paid out in 2022 and $95,500 being paid out in 2023 (the preferred dividends for 2 years are calculated - $95,500 dividends paid, showing $50,520 in arrears). a. Cumulative. (Round the final answers to 2 decimal places.) Common share Preferred share Book Value b. Non-cumulative. (Round the final answers to 2 decimal places.) Common share Preferred share Book Value Part 2: Calculate book value per common share and preferred share at December 31, 2023, assuming total dividends of $95,500 were declared and paid in each of the years ended December 31, 2022 and 2023, and that the preferred shares are: c. Cumulative. (Round the final answers to 2 decimal places.) Common share Preferred share Book Value