an expert solved part a incorrectly

At December 31, Blue Spruce Corp. has total stockholders' equity of $3,460,000. Included in this total are preferred stock $454,000 and paid-in capital in excess of par-preferred stock $52,000. There are 8,900 shares of $50 par value, 8% cumulative preferred stock outstanding At year-end, 182,000 shares of common stock are outstanding. Compute the book value per share of common stock under each of the following assumptions. (Round answers to 2 decimal places, eg. 15.25) (a) There are no preferred dividends in arrears, and the preferred stock does not have a call price. (b) Preferred dividends are one year in arrears, and the preferred stock has a call price of $60 per share