CC Gas Corporation's balance sheet reported the following information at December 31, 2019: E (Click the icon to view the balance sheet.) Assuming there are two years' dividends arrears (including 2019), determine the book value per share of both preferred and common shares. First find the book value per share of preferred shares. (Round your answer to the nearest cent.) The book value per share of preferred shares is $ Balance sheet - X $424.000 Preferred shares, $3, cumulative 8.000 shares issued, liquidation value $53 per share Common shares, 74,000 shares issued Total contributed capital Retained Earnings 1,950.000 2,374.000 1,910,000 S4,284,000 Total shareholders' equity Print Done