Book Value per Share for Preferred and Common Stock 1. Given the following, prepare the book value per share for preferred and common stock: Preferred Stock $97,000; 1,100 shares issued and outstanding. Common Stock $164,000; 1,800 shares issued and outstanding. Retained Earnings, $65,250. Preferred Dividends in Arrears, $3,300. Paid-in capital in excess of par: preferred, $7,400. Paid-in capital in excess of par: common, $7,750. Redemption value on preferred stock, $21. Cash Dividend 2. On March 20, 201X, the board of directors of Dustin Corporation declared $3 cash dividend per share on the 8,000 shares issued and outstanding. The dividend will be paid on April 28, 201X, to stockholders of record on March 22, 2018. Record journal entries for date of declaration and date of payment