5 Western Grass Inc. Equity Section of Balance Sheet December 31, 2020 Contributed capital: Preferred shares, $6 cumulative, 5,000 shares authorized, issued and outstanding Common shares, 189, eee shares authorized; 80,eee shares issued and outstanding Total contributed capital Retained earnings Total equity $ 66,000 720,000 $ 786,600 561,000 $1,347,000 01:30:07 Required: Using the information provided, calculate book value per common share assuming. (Round the final answers to 2 deci a. There are no dividends in arrears. b. There are three years of dividends in arrears. Book Value of Common Shares a. b.