Analysis of Stockholders' Equity

The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $40 par value, 5,000 shares authorized, ? shares issued	$240,000
Common stock, ? par, 10,000 shares authorized, 6,000 shares issued	60,000
Additional paid-in capitalPreferred	9,600
Additional paid-in capitalCommon	420,000
Additional paid-in capitalTreasury stock	1,200
Total contributed capital	$730,800
Retained earnings	50,000
Treasury stock, preferred, 100 shares	(3,100)
Total stockholders equity	$ ?

Required:

Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent.

1. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value $? per share

2. The number of shares of preferred stock outstanding shares ?