At December 31, Cheyenne Corp, has total stockholders' equity of $3,200,000. Included in this total are preferred stock $458,000 and paid-in capital in excess of par-preferred stock $48,600. There are 9800 shares of 550 par vaber, 8% cumulative preferred stock outstanding At year-end, 189,000 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 ploces, es. 15.25. (a) There are no preferred dividends in arrears, and the preferred stock does not have a call price. (6) Preferred divdends are one year in arrears, and the preferred stock has a call price of $60 per share