A company reports the following information in the shareholders' equity section of the balance sheet. Shareholders' Equity: Preferred Shares: Authorized 100,000 shares: $2.00 Cumulative Preferred Shares, 35,000 shares issued Common Shares: Authorized 100,000 shares, issued 50,000 shares Retained earnings Total Shareholders' Equity S 60,000 $ 50,000 SS $ 1,483,500 $ 1,593,500 The company has also passed its preferred dividends for three years including the current year. Required: 1 Using the above information, compute the book value of one of the company's common shares. 2 If a 3 for 1 stock split occurred on the common shares, what would the new book value per share of one common share be? 3 What about if a 1 for 2 reverse stock split occurred - what would the new book value per share of one common share be?