At December 31, Sunland Company has total stockholders' equity of $3,320,000. Included in this total are preferred stock $464,000 and paid-in capital in excess of par-preferred stock $49,400. There are 11,300 shares of $50 par value, 8% cumutative preferred stock outstanding. At year-end, 213,000 shares of common stock are outstanding. Compute the book value per share of common stock under each of the following assumptions. (Round onswers to 2 decimal places, e.8. 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 vear in arrears; and the preferred stock has a call price of $60 per share