12 The stockholders' equity section of Montel Company's balance sheet follows. This year's dividends on preferred stock have been paid and no preferred dividends are in arrears. Book Preferred stock-s* cumulative, sie par value, 11,000 shares authorized, issued and outstanding Common stock-$5 par value, 290, eee shares authorized, 240,000 shares issued and outstanding Retained earnings Total stockholders' equity $ 110,000 1,200,000 971,000 $2,281,000 References Determine the book value per share of the common stock, Book Value Per Common Share Choose Denominator Choose Numeraton took Value Per Common Share Book Value Por Common Share