Check my work 2 An analyst gathers the following information about Meyer, Inc.: 10 points Meyer has 1,300 shares of 8% cumulative preferred stock outstanding, with a par value of $100 and liquidation value of $110. Meyer has 20,000 shares of common stock outstanding, with a par value of $20. Meyer had retained earnings at the beginning of the year of $5,150,000. . Net income for the year was $73,000. This year, for the first time in its history, Meyer paid no dividends on preferred or common stock ook a. Calculate the total book value of Meyer's common stock. Total book value References b. What is the book value per share of Meyer's common stock? (Round your answer to 2 decimal places.) Book value per share