8% cumulative preferred stock, $100 par		$	200,000
Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares			300,000
Additional paid-in capital			452,800
Deficit (negative amount in retained earnings)			146,800
Dividends in arrears on preferred stock, 1 full year			16,000

a. compute the amount of net assets (stockholder's equity) b. compute the book value per share of common stock