An analyst gathers the following information about Meyer, incorporated: - Meyer has 1,800 shares of 10% cumulative preferred stock outstanding, with a par value of $100 and liquidation value of $110. - Meyer has 20.000 shares of common stock outstanding, with a par value of $20. - Meyer had retained earnings at the beginning of the year of $5,400,000 - Not income for the year was $78,000. - This year, for the first time in its history, Meyer paid no dividends on preferred or common stock. Required: a. Calculate the total book value of Meyer's common stock. Tota book vilus b. What is the book volue per share of Meyer's common stock? (Round your answer to 2 decimal places.)